Frasers Group acquires Wiltshire outlet shopping centre
Frasers Group has continued its acquisition spree with the purchase of Swindon Designer Outlet in Wiltshire.
The outlet shopping centre, which opened in 1997, extends to 250,000 sq ft and attracts more than three million visitors annually. The scheme is home to retailers and brands such as Nike, Adidas, BOSS, Calvin Klein, Crocs, and Tommy Hilfiger.
The announcement comes just a month after Frasers Group’s acquisition of Braehead Shopping Centre in Glasgow. Earlier this year, the group had also snapped up Waterfront Retail Park in Greenock, Scotland.
Michael Murray, CEO of Frasers Group, said: “Physical retail is central to our Elevation Strategy and investing in Swindon – one of the UK’s top five outlets by footfall – strengthens our position as both retailer and landlord. This acquisition reinforces our property strategy and unlocks new opportunities for our brands and our partners.”
CBRE advised Frasers Group.