Change of ownership at Luton Mall is on the cards

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Mike Ashley’s Fraser Group is reported to be in advanced talks to buy The Mall shopping centre in Luton.

The Mall – previously the Arndale Centre – was put up for sale last summer for £81 million.

According to the Sunday Times he is set to pay £70 million for the Mall in Luton’s town centre and £30 million for the Overgate centre in Dundee.

Fraser’s already operates a Sports Direct store in The Mall.

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