Frasers Group has confirmed its acquisition of Swindon Designer Outlet.
Swindon Designer Outlet, which opened in 1997, totals 250,000 sq ft and attracts over three million visitors annually.
Frasers Group acquired the outlet from LaSalle Investment Management, which bought the site in January 2022.
The shopping outlet was purchased for an undisclosed sum, although it is thought to be in the region of £275 million, according to CoStar.
Michael Murray, CEO of Frasers Group, 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.”
Frasers Group was advised by James Keany, Executive Director, Head of National Agency at CBRE.
Image: McArthurGlen Group
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