Student halls and food malls: House of Frasers turn over a new lease

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As old leases expire, landlords look at innovative options to reuse department store sites

House of Fraser in Wolverhampton is set to be closed down and redeveloped as student housing or lecture halls, as a £3m sale of the property is expected to be finalised within weeks.

The deal would be a major change for the city centre retail site where the Beatties chain was founded in 1877 before being taken over by House of Fraser in 2005.

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Categories Business Commercial property Debenhams House of Fraser Money property Real Estate Retail industry Sports Direct International Student housing UK news

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