Frasers Group has snapped up Swindon Designer Outlet, as the business continues to grow its physical retail portfolio.
The retail empire acquired the 250,000 sq ft shopping outlet from LaSalle Investment Management (LaSalle), which bought the site in January 2022.
Frasers Group said that the acquisition represented a “meaningful step” towards its vision of “building the planet’s most admired and compelling brand ecosystem”.
The firm was advised by CBRE on the acquisition.
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Frasers Group CEO Michael Murray 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.”
In November, Frasers Group snapped up Braehead shopping centre, in a deal reported to be worth around £220m.
The group was also reported to be considering a move to take a 50% stake in Manchester’s Arndale shopping centre in August, a move that would further expand the retailer’s presence in city-centre locations.
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