With an annual footfall of almost 7.8 million visitors across the two outlets, these acquisitions highlight Frasers Group’s position as both a landlord and retailer, supporting global brands’ outlet strategies while delivering strong value and brand choice to UK consumers.
- York Designer Outlet (250,000 sq. ft), located just outside York city centre, is home to 120 leading UK and international brands and welcomes 4.3 million visitors annually.
- East Midlands Designer Outlet (170,000 sq. ft), positioned near the M1 motorway, offers over 65 designer brands and has a footfall of 3.5 million visitors annually.
These acquisitions demonstrate Frasers Group’s continued commitment to the outlet sector, enhancing the Group’s property portfolio mix as it delivers against its Elevation Strategy.
“These strategic acquisitions reinforce our vision, leveraging strong partnerships with leading global brands to unlock mutual value – supporting their outlet strategies while driving growth. Today, we own over one-fifth of the UK outlet market and have a clear ambition to grow our share further.”
Michael Murray, Chief Executive Officer at Frasers Group
Frasers Group was advised by James Keany, Executive Director, Head of National Agency at CBRE on these acquisitions.
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