London—A Real Estate led cross-practice team of lawyers from leading global law firm Dentons has advised Frasers Group plc (Frasers) on one of their biggest and most significant acquisitions in 2023.  

Frasers acquired Junction 32, Outlet Shopping Centre in Castleford, Yorkshire.  This high-end retail outlet centre with over 90 stores, featuring tenants such as Adidas, M&S, Nike, and Next.

Frasers acquired Junction 32 from Land Securities Group plc, the largest commercial property development and investment company in the United Kingdom. 

The Dentons team was led by Real Estate partner Andrew Henderson and Corporate partner Matthew Tinger, with leading support by Real Estate Senior Associate Andrew McGrath and Corporate Senior Associate Verity Kent. The team collaborated with the client's external team at Global Mutual (asset management advice and support), CBRE (property management) and BDO (financial advice and support). 

The wider Dentons team comprised of lawyers from the firm's Real Estate, Corporate, Construction, ETI, Planning, Lending and Restructuring, Employment and Tax practice groups.

Andrew Henderson said, "We are delighted to have advised longstanding client Frasers Group on its latest investment in bricks and mortar retail.  Frasers Group has a strong commitment to physical retail and a track record of investing in interesting and value add opportunities in retail.  The acquisition was another opportunity for our team to showcase our ability to handle large, complex, corporate real estate acquisitions, providing the client with a full suite of corporate, real estate, employment, banking, and tax advice."

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