Frasers Group is expanding its portfolio with the planned acquisition of Maidstone’s Fremlin Walk shopping centre.
- The acquisition is from M&G Real Estate, who previously bought it for £110m in 2014.
- Fremlin Walk spans a sprawling 350,000 square feet, housing major brands like FatFace, H&M, JD Sports, Schuh, and Skechers.
- The centre will soon feature a Frasers Group flagship store, encompassing Flannels and Sports Direct.
- This acquisition is part of Frasers Group’s recent buying spree, reflecting its growing dominance in retail.
Frasers Group is on track to expand its retail empire with the impending acquisition of Fremlin Walk shopping centre in Maidstone. This acquisition highlights Frasers Group’s aggressive approach in broadening its presence in the retail sector.
The deal is reportedly made with M&G Real Estate, which initially acquired the centre for £110m in 2014. The current sale offers a significant markdown, with the property listed for £25m, indicating a substantial depreciation or strategic pricing approach.
Fremlin Walk is notable for its expansive 350,000 square feet, hosting a range of prominent retailers. Among the tenants are FatFace, H&M, JD Sports, Schuh, and Skechers, all well-known for their diverse offerings in fashion and footwear. This diversity in brands is likely a strategic advantage for Frasers Group as it enhances the shopping centre’s appeal to a broad demographic.
A significant change will be the introduction of a Frasers Group flagship store within Fremlin Walk. The new store will include popular brands such as Flannels and Sports Direct, underlining Frasers Group’s commitment to enhancing the customer shopping experience by offering a variety of products under one roof.
This acquisition forms part of a larger series of strategic purchases by Frasers Group. In recent months, the company has acquired multiple fashion retailers, including Northampton’s Thackerays and THG’s Coggles, and has taken over other key shopping locations like The Mall in Luton.
With this acquisition, Frasers Group continues to solidify its position as a leading force in the retail industry.
