Acquisition of Designer Outlets (York & East Mids)

Summary by AI ^BETAClose X

Frasers Group plc has acquired York Designer Outlet and East Midlands Designer Outlet, two significant UK retail destinations, enhancing its property portfolio and outlet market presence. These acquisitions, which collectively attract nearly 7.8 million visitors annually, with York drawing 4.3 million and East Midlands 3.5 million, align with the Group's strategy to build a brand ecosystem and support global brands' outlet strategies. The company now owns over one-fifth of the UK outlet market, with ambitions for further growth.

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Frasers Group PLC

29 April 2026

Date: 29 April 2026

ACQUISITION OF DESIGNER OUTLETS IN YORK AND EAST MIDLANDS, UK

Frasers Group plc today announces the acquisition of two major UK retail destinations, York Designer Outlet and East Midlands Designer Outlet, reflecting progress against the Group's vision of creating a compelling brand ecosystem and platform for growth.

With an annual footfall of almost 7.8 million visitors across the two outlets, these acquisitions highlight Frasers Group's position as both a landlord and retailer, supporting global brands' outlet strategies while delivering strong value and brand choice to UK consumers.

● York Designer Outlet (250,000 sq. ft), located just outside York city centre, is home to 120 leading UK and international brands and welcomes 4.3 million visitors annually.

● East Midlands Designer Outlet (170,000 sq. ft), positioned near the M1 motorway, offers over 65 designer brands and has a footfall of 3.5 million visitors annually.

These acquisitions demonstrate Frasers Group's continued commitment to the outlet sector, enhancing the Group's property portfolio mix as it delivers against its Elevation Strategy.

Michael Murray, Chief Executive Officer at Frasers Group, said: "These strategic acquisitions reinforce our vision, leveraging strong partnerships with leading global brands to unlock mutual value - supporting their outlet strategies while driving growth. Today, we own over one-fifth of the UK outlet market and have a clear ambition to grow our share further."

Frasers Group was advised by James Keany, Executive Director, Head of National Agency at CBRE on these acquisitions.

Chris Wootton, Chief Financial Officer

T. 0344 245 9200

E. financial@frasers.group

Andrew Kasoulis, Investor Relations Director

T. 07826 532191

E. Andrew.Kasoulis@frasers.group

Kathleen Glover, Head of PR

T. 07878 771800

E. fgpr@frasers.group

Emma Reid, Company Secretary

LEI: 213800JEGHHEAXIJDX34

T. 0344 245 9200

E. company.secretary@frasers.group

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