Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal

by March 18, 2023
March 18, 2023
Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal

Mike Ashely’s Frasers Group has snapped up The Mall in Luton in a £58m deal as the retail giant expresses its “confidence in the future of the UK high street”.

The Mall in Luton spans 900,000 sq. ft of space and is home to more than 150 retailers including Primark, TK Maxx, and H&M. It was put up for sale by Capital and Regional last year.

Frasers Group, which also owns brands such as Sports Direct, said that it was a “key retail destination” and the acquisition showed its commitment to the “long-term future of physical retail”.

The Mall in Luton first opened as The Arndale Centre in 1972 and was renamed in the 1990s.

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 which display huge potential.

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

It confirms speculation last month that Ashely was gearing up to buy two shopping centers in a £100m deal, which could signify that the retail sector might be starting to stabilise.

It comes as the Covid-19 pandemic and huge growth in online shopping in recent years slashed UK shopping centres’ revenues, forcing some stores to close.

Data from MSCI Real Assets shows that since June 2018 the average value of shopping centres has declined by 67 per cent.

Read more:
Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal

0
FacebookTwitterGoogle +Pinterest
previous post
Royal Mail CEO accused of ‘incompetence or cluelessness’ by MPs
next post
Trump-Stormy Daniels settlement at heart of potential NY DA indictment didn’t violate campaign law: FEC expert

You may also like

Banks pull mortgage deals in the face of...

September 27, 2022

Killing Kittens seeks £10.5m valuation for global expansion...

November 18, 2024

HMRC launches crypto crackdown with new data-sharing rules...

June 3, 2025

HMRC probes nearly 800 major UK firms over...

August 27, 2024

Farage condemned by charities for ‘damaging’ claims on...

April 30, 2025

AI, a helping hand for businesses when moderating...

August 19, 2024

Domestic Violence Dissertation – 10 Key Elements to...

January 20, 2024

Theory to Action: Mastering Mental Health Nursing

January 22, 2024

HGV driver shortage could become “critical” without urgent...

May 21, 2025

Brits have 1,000 less mortgage deals to pick...

September 13, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved