Thursday, April 25, 2024

Frasers Group disposes of retail parks for £205m

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Shirebrook-based Frasers Group has completed the disposal of a number of freehold and long leasehold retail parks held by its wholly owned subsidiaries, to RI UK 1 Limited for a headline price of £205m.

The company noted that Frasers Group fascias will operate from leases within these properties where appropriate.

The company intends to use the proceeds of sale towards the working capital of the company and its group operations.

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