US EditionBraehead Shopping Centre Sold in Possible £220m Deal
Frasers Group acquired Braehead Shopping Centre for £220 million, adding a centre with over 100 stores and 15 million annual visitors to its growing UK retail portfolio.
- Frasers Group completed the purchase of Braehead Shopping Centre in Renfrew in a deal reported at £220 million, led by Michael Murray and founded by Mike Ashley.
- After Intu's collapse, SGS UK Retail acquired Braehead, restructured and refinanced it, then stabilised the centre ahead of sale by attracting new brands.
- The centre draws over 15 million visitors annually, with Braehead Shopping Centre’s footfall and spend rising 3% and 4% year-on-year to June, while 16 brands renewed leases in 2025.
- Frasers said the purchase is a `significant addition` to its strong and growing portfolio, with Michael Murray, CEO at Frasers Group, saying it accelerates the Elevation Strategy.
- Braehead has signed the UK's first SuperPark, set to debut early next year, while SGS highlights significant value creation opportunities across its remaining three assets.
11 Articles
11 Articles
Frasers acquires Braehead shopping centre for £220m
Frasers Group has acquired the 1.1 million sq ft Braehead shopping centre from SGS UK Retail in a £220m deal. The purchase adds one of Scotland’s largest retail destinations to the group’s holdings and forms part of its wider expansion strategy. The transaction follows a restructuring and refinancing of SGS in 2024, after which the group carried out a transformation programme across its assets. Braehead’s performance has strengthened over the pa…
Frasers Group completes acquisition of Braehead Shopping Centre
James McDowall, Shutterstock SGS UK Retail has sold the 1.1 million sq ft Braehead Shopping Centre to Frasers Group in a landmark deal. The Renfrew shopping centre has a footfall of over 15 million visitors per year, with its offering evolving to include the UK’s first SuperPark – which will bring the global indoor leisure and recreation concept to Braehead early next year. Braehead has also out-performed the Scottish market in the last 12 month…
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