Shirebrook-based Frasers Group has acquired Frenchgate Shopping Centre in Doncaster.
The 770,000 sq ft retail centre is a major regional shopping destination welcoming over 16 million customers a year.
The shopping centre is a key part of the retail offer within Doncaster town centre and the South Yorkshire region, with major high street tenants, including Next, H&M and TK Maxx.
The deal facilities the opportunity to more than triple the Sports Direct store size to over 35,000 sq ft and provide customers with access to other brands from the Frasers Group ecosystem including USC, GAME and Evans Cycles.
Michael Murray, Chief Executive, Frasers Group, said: “The acquisition of Frenchgate Shopping Centre in Doncaster further demonstrates the Group’s commitment to investing into brick-and-mortar.
“Acquiring property in key trading locations to unlock new opportunities for our retail and leisure businesses, such as Sports Direct, Everlast Gyms, Frasers and FLANNELS, is a key
priority.
“We are committed to re-inventing retail and injecting new life into high streets across the UK to bring the very best brands, environment, and experience to customers across the country.”
Frasers Group was advised by CBRE on this acquisition.