Frasers Group acquired The Mall shopping centre in Luton for £58m from Capital & Regional. The shopping centre spans 900,000 sq. ft and is home to more than 150 retailers including Primark, TK Maxx, and H&M.
James France, Group Head of Real Estate said: “Frasers Group is pleased to have acquired this key retail destination in Luton. We continue to have confidence in the future of the UK high street and remain committed to investing in sites which display huge potential. We look forward to engaging with tenants in the centre to ensure a smooth transition.”
BDO provided financial and tax due diligence and SPA review services in support of the transaction.