Frasers Group plc said on Thursday that it has bought the Braehead Shopping Centre in Glasgow, Scotland's largest retail and leisure destination.
The shopping centre, which is over 1 million square feet, has annual footfall of more than 15m visitors. Fraser said the acquisition reinforces its commitment to investing in "high potential" retail destinations.
Chief executive Michael Murray said: "This acquisition is an important step in delivering our property ambitions and accelerating the Elevation Strategy.
"It cements the group's position as a leading operator and champion of physical retail destinations while unlocking greater opportunities to serve communities with the best brands, environments and experiences possible."
No financial details were provided by Frasers, which owns House of Fraser, Flannels, Sports Direct and Evans Cycles, among others.