Frasers Group eyes £400m outlet centre double acquisition
Frasers Group is looking to acquire two outlet shopping centres for a combined fee of around £400m.
The group is looking to acquire the McArthur Glen-managed centres in York and the East Midlands from Aviva Investors, CoStar News has reported.
Spanning 350,000 sq ft, York Designer Outlet is home to tenants such as M&S, H&M, Nike, and Paul Smith.
East Midlands Designer Outlet extends to 230,747-square-foot and is home to over 65 brands. Constructed in 2002, the designer outlet centre is located on Normanton Road, approximately 6.5 miles southwest of Mansfield.
These reports come after Frasers Group acquired Swindon Designer Outlet last autumn. Situated within the historic Great Western Railway buildings in the centre of Swindon, the outlet centre extends to 250,000 sq ft and comprises 110 units.
Frasers Group has been one of the most acquisitive groups within the UK retail investment market over recent years. The group acquired Glasgow’s Braehead Shopping Centre in November 2025 and Waterfront Retail Park in Greenock in September.
CBRE is advising Frasers, whilst Morgan Williams is advising Aviva Investors.