on FREY (EPA:FREY)
FREY and GIC Forge €400 Million Partnership for European Retail Parks
FREY, a leader in premium shopping destinations, has partnered with GIC, a major global institutional investor, to form a €400 million investment vehicle. This collaboration aims to invest in premium retail parks across Western Europe and Poland. FREY retains a 20% stake as the operating partner, while GIC holds 80%.
The partnership targets medium-sized retail parks, with FREY contributing a seed portfolio valued at approximately €176 million. This includes Woodshop in Cesson, Parque Mediterráneo in Cartagena, and Algarve Retail Park in Albufeira.
The initiative supports FREY’s growth strategy by focusing on retail parks and outlet villages, enhancing European presence, and capitalizing on consumer demand. The arrangement is set to positively impact FREY's earnings from 2027 onwards.
R. E.
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