Cash-rich Frasers Group is striding ahead with a major redeveloped of its owned Overgate shopping centre in Dundee, Scotland. 

Plans include the opening a new Frasers-branded mega concept store next year, with the proposed 70,000 sq ft site combining several of its banners across fashion, sport, lifestyle, homewares and beauty. 

Bought in March 2023 for a reported £30 million, Overgate’s been undergoing a substantial transformation with the arrival of a number of new brands including Rituals, Pandora, Lovisa, Bee Inspired, and The Leith Collective. Existing retailers are also reinvesting in their stores with refits, refurbishments and the mall has seen the renewal of over 15 leases.

The 400,000 sq ft 70-unit mall, which includes H&M, Next, Primark and Boots, has also recently signed five new leases with external brands, including Søstrene Grene that opened last month, and Castore. It’s also in the final stages of signing an unnamed high street fashion brand and a footwear retailer, according to local reports.

Malcolm Angus, manager for the Overgate Shopping Centre, told The Scottish Financial News “We have had a busy 18 months since Frasers Group invested in the Overgate Shopping Centre, to date bringing over 12 new exciting brands to the centre.

“Frasers Group has also renewed leases with the brands we know our customers love, with several so far reinvesting into updating their store aesthetic and product offering.

“The opening of the 70,000 sq ft Frasers store will be a transformational moment for Overgate, for the city, and for the wider region, regenerating this landmark space with an exceptional retail experience synonymous with Frasers Group. We are very much advancing the vision and commencement of works at pace.”