Frasers Group completes acquisition of shopping centre with 'huge potential'

The Mall is spread across 900,000 sq ft and is part of Frasers Group’s “ongoing investment and commitment to the long-term future of physical retail”.

The retailer said the group will benefit from the prime retail location and the opportunity to introduce and invest in new store concepts. 

The retailer said it recognises the importance of the centre within the community and will work with the Luton Borough Council to make The Mall a prime, consumer-centric shopping destination for the local community in Luton.

James France, group head of real estate, said: “Frasers Group is pleased to have acquired this key retail destination in Luton. We continue to have confidence in the future of the UK high street and remain committed to investing in sites that display huge potential.

“We look forward to engaging with tenants in the centre to ensure a smooth transition.”