GIC, FREY form €400m European retail partnership
Friday, November 13, 2026 · first reported by IREI
GIC and FREY have set up a €400 million equity partnership to buy existing medium-sized retail parks in Western Europe and Poland, each between 5,000 and 35,000 square meters. GIC holds 80 percent of the vehicle; FREY holds 20 percent and acts as operating partner.
FREY is seeding the partnership with three retail parks worth about €176 million: Woodshop in Cesson, France; Parque Mediterráneo in Cartagena, Spain; and Algarve Retail Park in Albufeira, Portugal. FREY expects the deal to add to earnings per share and net asset value from 2027.
- Firm
- GIC
- Also named
- FREY
- Size
- €400M (≈$442M)
- Stage
- Launch
- Asset class
- Real estate
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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