Ten new store lettings, including FRASERS, occupying a combined total of 88,063 sq. ft, plus five lease renewals totalling 12,634 sq. ft and three store refreshes, concluded 2025 on a position of strength
Overgate, Dundee concluded 2025 as a transformative year for the centre, the city, and indeed the region.
Since Frasers Group acquired Overgate in March 2023, a remarkable retail regeneration has been taking place across the 440,000 sq. ft centre which is located in the heart of Dundee, Scotland’s fourth largest city.
Underpinning this has been an exciting and fast-paced tranche of leasing activity: ten new store openings occupying a combined total of 88,063 sq. ft, five lease renewals totalling 12,634 sq. ft, and three major store refreshes in the last year alone.
As 2025 concluded, the early results from this scale of investment in Overgate by Frasers Group, in line with the Group’s Elevation Strategy, can be guided by sales and footfall. The percentage uplift in sales for 2025 was over 30%. Tenant occupancy is sitting at 90% as of December 2025.
Commenting, Matt Elgey, Director, Sovereign Centros from CBRE says: “We are pleased to be entering 2026 on a positive note for Overgate. Ten new store openings, including FRASERS, occupying an impressive combined total of 88,063 sq. ft have been delivered in 2025. A further five lease renewals totalling 12,634 sq. ft, as well as three key store refreshes, concluded the year on a position of strength for the centre.
“Since the acquisition of Overgate by Frasers Group in 2023 the momentum underpinning these improvements has been conducted at pace. Sovereign Centros from CBRE is proud to be delivering on the ambitious and exciting vision Frasers Group has set out for such an important Scottish asset as Overgate. These positive end of year results demonstrate the hard work Sovereign Centros has deployed in unlocking opportunities for Frasers Group across what was a very busy 12 months. Our focused commitment in securing new quality lease signings, as well as delivering a tranche of lease renewals, ensures Overgate is ready to embrace 2026 with a greatly expanded retailer offering and a stronger competitive advantage.”
Overgate Dundee (Scot) (Freehold Co) Ltd
The Overgate Centre, Dundee is owned and managed by Legal & General, the largest commercial property company in the UK.
