Frasers has acquired over 1 million sq ft of retail assets including Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and the Olympus Centre in Quedgeley.

Princesshay shopping centre Exeter

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Frasers said it will ‘enhance the shopping and leisure offer within Exeter city centre’ at Princesshay

The retail group, which owns brands like Sports Direct and Flannels, announced three real estate acquisitions over the last two weeks.

Frasers said it plans to “enhance the shopping and leisure offer within Exeter city centre by introducing elevated retail formats and improving the current tenant mix in Princesshay”.

Fremlin Walk is already undergoing “extensive refurbishment ahead of the opening of a multi-brand 70,000 sq ft Frasers flagship store, which will become the shopping centre’s new focal point”.

The retailer said the Olympus Centre’s strategic position will help it capture the thriving local catchment population in Gloucester.

Frasers Group chief executive Michael Murray said: “The acquisition of Princesshay, Fremlin Walk and the Olympus Centre reinforces our commitment to investing in physical retail. Securing properties which serve as the primary retail destination for the community remains a top priority for us. Such acquisitions unlock new growth opportunities for our retail concepts while revitalising high streets and physical shopping locations up and down the country. At Frasers, we strive to reinvent and elevate retail for UK shoppers, bringing the very best brands, environments, and experiences to all our customers across the country.”

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