Frasers Group is reportedly advancing plans to acquire two prominent outlet shopping centres in a deal valued at around £400 million, underlining its continued appetite for large-scale retail and mixed-use property investments.
The retailer is understood to be in discussions to purchase the McArthur Glen-managed outlet schemes in York and the East Midlands from Aviva Investors, according to market reports. The potential acquisition would further strengthen Frasers Group’s growing portfolio of destination retail assets across the UK.
York Designer Outlet, extending to approximately 350,000 sq ft, is anchored by a strong line-up of national and international brands including M&S, H&M, Nike and Paul Smith. Meanwhile, East Midlands Designer Outlet offers around 230,747 sq ft of retail space and accommodates more than 65 brands. Developed in 2002, the scheme occupies a strategic location on Normanton Road, करीब 6.5 miles south-west of Mansfield.
The move follows Frasers Group’s acquisition of Swindon Designer Outlet last autumn. The 250,000 sq ft scheme, set within the historic Great Western Railway buildings in central Swindon, comprises around 110 units and represents a blend of heritage-led regeneration and modern retail.
Frasers Group has remained highly active in the UK property investment market, pursuing a strategy focused on acquiring and repositioning large-scale retail destinations. Recent transactions include the purchase of Braehead Shopping Centre in Glasgow in November 2025, as well as Waterfront Retail Park in Greenock earlier in the year.
Advisory roles on the potential deal are being handled by CBRE on behalf of Frasers Group, while Aviva Investors is being advised by Morgan Williams.
The proposed acquisition highlights continued investor confidence in outlet retail formats, particularly those offering strong tenant mixes, regional catchments and opportunities for asset enhancement within evolving consumer markets.
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