What: Retail group Fraser, plans to offload 16 retail park assets that they have accumulated over the past several years.

Why is it important: With all out-of-town assets they plan to offload, it could be worth a total of GBP 320 million.

Frasers Group may be seeking to sell based on investor demand for retail parks that have performed better than shopping centres during the pandemic. Also, retailers are using the larger store formats as distribution centres and click-and-collect hubs.

Fraser has been remodelling and updating some of their flagship city centre Sports Direct and adding physical stores to higher-end Flannels banner, which now has over 55 across the UK.

Fraser group looks to offload retail park assets