retail parks news and archive

Frasers Group offloads retail parks for 205 million pounds

Frasers Group has announced that it has completed the disposal of a number of its freehold and long leasehold retail parks held by its wholly owned subsidiaries. The JD Sports owner said the sale went ahead for a headline price of 205 million pounds. In a release, the company said brands in its portfolio will continue to operate from leases...

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Frasers Group to sell 16 assets in potential 320 million pound deal

Mike Ashley’s Frasers Group has reportedly put up for sale an expansive out-of-town retail property portfolio, with a deal that could total around 320 million pounds. It would see 16 assets sold from the sportswear retailers accumulation of retail parks, shopping parades and standalone stores. The deal includes retail parks in Wigan, Cheshunt,...

Retail

High street footfall drops during festive week

Footfall on British high streets during the week from December 28 to January 1 fell 3 percent when compared to the same week last year. According to retail data firm Springboard, Britain’s high streets continued to lose out to out-of-town retail parks and shopping centres during the Christmas period, with retail parks enjoying an uplift of 3.6...