// Frasers Group plans to sell £320 million retail property portfolio
// Mike Ashley is selling 16 assets in Wigan, Cheshunt, Aberdeen, Thurrock and Cheetham Hill
Mike Ashley’s Frasers Group has put an out-of-town retail property portfolio up for sale in a deal that could reach a total of £320 million.
The sportswear retailer has accumulated retail parks, shopping parades and standalone shops over the past several years.
Ashley is selling 16 assets, including retail parks in Wigan, Cheshunt, Aberdeen, Thurrock and Cheetham Hill, near Manchester.
READ MORE: Frasers Group to open 50,000 sq ft Sports Direct flagship
The billionaire’s retail chains, which include Sports Direct, House of Fraser and Flannels, account for a quarter of the income across the portfolio.
Ashley is seeking to cash in on renewed investor demand for retail parks, perceived to be less at risk than high streets to the rise of ecommerce.
Retailers are using larger stores on retail parks as distribution centres and click-and-collect hubs.
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