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Bezannes,December9,2019
FreyfinalisesthesaletoBNPParibasREIMactingonbehalfofBNPParibasDiversipierrefund
ofa30%stakeinitsoutdoorcommercialcomplexlocatedinPortugal
FREY,a realestatecompanyspecialising in thedevelopmentandmanagementofopen-air shoppingcentres,announcesthatithastodayfinalisedthesaleofa30%stakeinthecapitalofthecompanyholdingtheAlgarveShopping & Albufeira Retail Park shopping complex located in southern Portugal to the BNP ParibasDiversipierreOPCI,managedbyBNPParibasREIMFrance.Thistransaction,announcedonNovember6,2019,hasobtainedallthenecessaryauthorizations.Openedin2001andexpandedin2004,thesitewillberenovatedandwillbenefitfromthespiritandarchitecturalhighlightsofFrey'sShoppingPromenadeconcept.Thisfirstrankpropertyhasapotential9,000m²GLA9,000m²GLAexpansion,whichcouldreinforcetheleadershipoftheshoppingcentre.
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AboutAlgarveShopping&AlbufeiraRetailPark- Location:Albufeira,AlgarveinsouthernPortugal- Surfacearea:60,000m²intheheartofanexceptionalcatchmentareaof280,000inhabitantslessthan20minutes
away(morethan800,000inhabitantsinsummer)- Shopping & leisure offer: Zara, Pull & Bear, Berksha, Fnac, C&A, H&M, JD Sport, Radio Popular, Worten (...), a
Continentalsupermarket,aroundtwentyrestaurants,acinemaand3,000parkingspaces- Keyfigures:
o Netannualrentalincome:€14.3milliono Occupancyrate:99.8%.o Footfall:7.5millionvisitorseachyear
AboutFREYAplanner,developer,investorandmanager,FREYisarealestatecompanyspecialisinginmajorurbanrenewaloperationsaswellasthedevelopmentandoperationofopen-airshoppingcentres.ItsShoppingPromenade®,anopen-airshoppingcentre,offersacompleterangeofshoppingandleisureactivitiestocreatean"enhancedexperience"forthewholefamily.Thankstoitsuniqueexpertise,FreyhasbecomearecognisedFrenchleaderinthisresilientassetclass,withadeepmarket(creation,extension, renovation) and inperfectharmonywith theexpectationsof consumers,brandsand local authorities.AnotherstructuringpillarofFREY'sknow-howisthelargemixedurbanprojects,whichitdevelopswiththesupportofitsdedicatedsubsidiaryCITIZERS.FreyislistedoncompartmentBofEuronextParis.ISIN:FR0010588079-Mnemo:FREY.
CONTACTSMathieuMollière-DirectorofCommunication,MarketingandInnovationAgnèsVilleret-Investorrelationsandfinancialpressrelations-KOMODO-agnes.villeret@agence-komodo.com-Tel.0683280415AboutBNPParibasRealEstateInvestmentManagementBNPParibas Real Estate is one of the largest andmost effective real estate networks in Europe. BNPParibas Real EstateInvestmentManagementisitsbusinesslinededicatedtoinvestmentmanagement.In2018,itscapitalraisingreached€3.8bn:€1.6bnnewcashachievedinfundsand€2.2bninseparateaccounts/mandates.Attheendoftheyear,itmanaged€28.7bnofassetsinEurope.In2018,atransactionvolumeofabout€4.5bnwassecured(investmentsanddivestments).BNP Paribas Real Estate InvestmentManagement provides a range of funds and tailored assetmanagement services forinternational investors with mandates or vehicles managed in Europe with a local presence in eight countries (Belgium,France,Germany,Italy,Luxembourg,Spain,theNetherlandsandUnitedKingdom)investinginoffices,retail,logistics,hotelsandresidentialsector.BNPParibasRealEstateInvestmentManagementhasabout350employeeswhoprovidesolutionstoover100,000clientsthroughoutEuropeandAsia.BNPParibasREIM is thebusiness linededicated to InvestmentManagementwithinBNPParibasReal Estate consistingofvariouslegalentities:France:BNPParibasRealEstateInvestmentManagementFrance(SGP);Italy:BNPParibasRealEstateInvestmentManagementItaly(SGR);Germany:BNPParibasRealEstateInvestmentManagementGermany(GmbH);UK:BNPParibasRealEstate InvestmentManagementUK (Limited); Luxembourg:BNPParibasRealEstate InvestmentManagementLuxembourgS.A.The respective legal entities responsible for offering clients products or services are named in the respective productdocumentation,contractsandinformationmaterial.
Press contacts: Claire LENORMAND – Tél : +33 (0)1 55 65 22 84 Mobile : +33 (0)6 75 68 39 03 – [email protected] Nicolas OBRIST - Tél: +33 (0)1 55 65 21 15 Mobile: +33 (0)6 77 21 27 55 – [email protected] Amira TAHIROVIC – Tél : +33 (0)1 55 65 22 08 Mobile : +33 (0)6 37 78 12 17 - [email protected] Laurent PAVILLON – Tél : +33 (0)1 47 59 22 56 Mobile : +33 (0)6 03 37 47 28 – [email protected]
