Disposal of Retail Parks

RNS Number : 7749V

Frasers Group PLC

11 August 2022

 

Date: 11 August 2022

FRASERS GROUP PLC

DISPOSAL OF RETAIL PARKS

Frasers Group announces that it has today 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.  

Frasers Group fascias will operate from leases within these properties where appropriate. Frasers Group in the ordinary course of business purchases and sells properties from time to time, in this instance, a significant disposal to one counterparty has led to this Class 2 announcement.

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

Ends

Frasers Group plc

Thomas Piper, Company Secretary                            T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34                                   E. [e-mail]

Chris Wootton, Chief Financial   T. 0344 245 9200

Officer                                                                         E. [e-mail]

Ronnie Laffar, Head of PR &   T. 0344 245 9399

Communications   E. [e-mail]

Rosie Oddy, Brunswick Group,  T. 020 7404 5959

PR Advisors                                                                E. [e-mail]

Numis

Luke Bordewich  T. 020 7260 1000

Ollie Steele

Duncan Wilson

Liberum

John Fishley  T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

END

 

 

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