Mike Ashley has offered close to £50m to buy the 244,000 sq ft Junction 32 retail park from Landsec.
Landsec bought the park, near Leeds, as part of a £333m portfolio deal with Hermes in 2017.
The acquisition is the latest in a recent shopping spree for Ashley, who through his retail firm Frasers, has this year already bought the The Mall in Luton for £58m and the Overgate Centre in Dundee for £30m.
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