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Ashley Boosts His Real Estate Empire With Harvey Nichols

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Retail billionaire Mike Ashley's purchase of department store Harvey Nichols, situated in London’s exclusive Knightsbridge district, has given his company one of the best located stores in the UK. A Bloomberg analysis of property records shows that Frasers Group now owns around 8 million square feet of retail park and shopping center space, part of what the company’s CEO Michael Murray said is a 16 million-square-foot portfolio worth £2 billion ($2.7 billion). Bloomberg's Maddie Parker has more.

Retail billionaire Mike Ashley's purchase of department store Harvey Nichols, situated in London’s exclusive Knightsbridge district, has given his company one of the best located stores in the UK. A Bloomberg analysis of property records shows that Frasers Group now owns around 8 million square feet of retail park and shopping center space, part of what the company’s CEO Michael Murray said is a 16 million-square-foot portfolio worth £2 billion ($2.7 billion). Bloomberg's Maddie Parker has more. (Source: Bloomberg)
Ashley (PERSON) Real Estate Empire (ORG) Harvey Nichols Retail (ORG) Mike Ashley's (PERSON) Harvey Nichols (PERSON) London (LOCATION) Knightsbridge (LOCATION) UK (LOCATION) Bloomberg (ORG) Frasers Group (ORG) Michael Murray (PERSON) Maddie Parker (PERSON)
Originally published by Bloomberg Markets Read original →