Frasers Group buys Doncaster shopping centre
The Frenchgate Centre in Doncaster, previously called the Arndale Centre, has been sold to Frasers Group for an undisclosed amount.
The shopping centre is home to major brands such as Next, H&M and TK Maxx and is conveniently located near the main railway and bus stations. Frasers Group sees this deal as a sign of their belief in the future of physical stores.
Michael Murray, CEO of Frasers Group, said that buying the Frenchgate Centre shows the company’s commitment to investing in physical stores. The group plans to use the space to expand their current Sports Direct store and to bring in other brands they own, like USC and Evans Cycles.
The shopping centre opened in 1968 with a large extension added in 2006, connecting it to a new transport interchange. One of the biggest stores in the expansion was a Debenhams which closed in 2021, although plans were approved last year to turn the space into a cinema.