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- Frasers Group PLC on Thursday said it has completed the sale of some retail parks for £205 million.
The Sports Direct and House of Fraser owner said the disposal included a number of freehold and long leasehold retail parks held by its wholly owned subsidiaries to RI UK 1 Ltd.
‘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,’ it said, adding it will use the proceeds for working capital.
Shares in Frasers closed down 0.5% at 902.00 pence in London on Thursday.
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