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Frasers Group Acquires Doncaster Shopping Centre

Frasers Group Acquires Doncaster Shopping Centre

The Frenchgate Centre in Doncaster, formerly known as the Arndale Centre, has been purchased by Frasers Group for an undisclosed sum.

The shopping centre houses major brands such as Next, H&M, and TK Maxx, and is conveniently located near the main railway and bus stations. Frasers Group views this acquisition as a testament to their confidence in the future of physical retail.

Michael Murray, CEO of Frasers Group, stated that acquiring the Frenchgate Centre underscores the company’s commitment to investing in brick-and-mortar stores. The group intends to use the space to expand their current Sports Direct store and to introduce other brands they own, such as USC and Evans Cycles.

The shopping centre, which opened in 1968, saw a significant extension in 2006, linking it to a new transport interchange. One of the largest stores in the expansion was a Debenhams, which closed in 2021. However, plans were approved last year to convert the space into a cinema.

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BDC 318 : Jul 2024