Frasers Group acquired LS Castleford Limited from Land Securities Group plc, the largest commercial property development and investment company in the United Kingdom. LS Castleford Limited holds Junction 32, Outlet Shopping Centre in Castleford, Yorkshire located close to the M62, A1 and M1, spanning 252,000 sq ft and comprising 92 individual units. The site is home to several Frasers brands, including Sports Direct, Jack Wills and Game, as well as Nike and Adidas outlet stores.James France, group head of real estate at Frasers Group, said:
BDO provided financial and tax due diligence and SPA review services.
The acquisition of the Junction 32 Outlet further demonstrates our commitment to the long-term future of physical retail, and we look forward to unlocking the site’s full potential as we roll out the elevation strategy.
The site is well located for future growth and further expands Frasers presence across the North of England, enabling us to continue providing elevated retail experiences to regional consumers.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Greg Wilson
Tax: Lisa Oakes, Josh Dover, Isobel Hose
SPA: Lawrence Mills