Mike Ashley's Frasers Group is reportedly closing in on two shopping centre deals as the retail behemoth looks to grow its physical estate. Frasers, which is majority owned by the fashion tycoon, is understood to be "front-runner" for a 50 per cent stake in Exeter's Princesshay estate from Nuveen, The Times first reported. Nuveen put its stake in the shopping centre up for sale last year for a reported asking price of £40m. The other half of the scheme is owned by The Crown Estate, which belongs to the monarch. A separate report by Costar said Frasers is eyeing a purchase of Frenchgate, the 768,000 sq ft shopping centre in Doncaster.

(c) 2024 City A.M., source Newspaper