FREY (EPA:FREY) - Frey finalises the sale to BNP Paribas REIM acting on behalf of BNP Paribas Diversipierre fund of a 30% stake in its outdoor commercial complex located in Portugal

Transparency directive : regulatory news

09/12/2019 17:00

PRESS RELEASE

                                                  Bezannes, December 9, 2019

                   Frey finalises the sale to BNP Paribas REIM
               acting on behalf of BNP Paribas Diversipierre fund
     of a 30% stake in its outdoor commercial complex located in Portugal

FREY, a real estate company specialising in the development and management of
open-air shopping centres, announces that it has today finalised the sale of a
30% stake in the capital of the company holding the Algarve Shopping &
Albufeira Retail Park shopping complex located in southern Portugal to the BNP
Paribas Diversipierre OPCI, managed by BNP Paribas REIM France. This
transaction, announced on November 6, 2019, has obtained all the necessary
authorizations.

Opened in 2001 and expanded in 2004, the site will be renovated and will
benefit from the spirit and architectural highlights of Frey's Shopping
Promenade concept. This first rank property has a potential 9,000 m2 GLA 9,000
m2 GLA expansion, which could reinforce the leadership of the shopping
centre.

About Algarve Shopping & Albufeira Retail Park
- Location: Albufeira, Algarve in southern Portugal
- Surface area: 60,000 m2 in the heart of an exceptional catchment area of
  280,000 inhabitants less than 20 minutes away (more than 800,000 inhabitants
  in summer)
- Shopping & leisure offer: Zara, Pull & Bear, Berksha, Fnac, C&A, H&M, JD
  Sport, Radio Popular, Worten (...), a Continental supermarket, around twenty
  restaurants, a cinema and 3,000 parking spaces
- Key figures:
   o Net annual rental income: EUR14.3 million
   o Occupancy rate: 99.8%.
   o Footfall: 7.5 million visitors each year

About FREY

A planner, developer, investor and manager, FREY is a real estate company
specialising in major urban renewal operations as well as the development and
operation of open-air shopping centres. Its Shopping Promenade(r), an open-air
shopping centre, offers a complete range of shopping and leisure activities to
create an "enhanced experience" for the whole family. Thanks to its unique
expertise, Frey has become a recognised French leader in this resilient asset
class, with a deep market (creation, extension, renovation) and in perfect
harmony with the expectations of consumers, brands and local authorities.
Another structuring pillar of FREY's know-how is the large mixed urban
projects, which it develops with the support of its dedicated subsidiary
CITIZERS.

Frey is listed on compartment B of Euronext Paris. ISIN: FR0010588079 - Mnemo:
FREY.

CONTACTS
Mathieu Mollière - Director of Communication, Marketing and Innovation
Agnès Villeret - Investor relations and financial press relations - KOMODO -
agnes.villeret@agence-komodo.com - Tel. 06 83 28 04 15

About BNP Paribas Real Estate Investment Management
BNP Paribas Real Estate is one of the largest and most effective real estate
networks in Europe. BNP Paribas Real Estate Investment Management is its
business line dedicated to investment management.
In 2018, its capital raising reached EUR 3.8bn: EUR 1.6bn new cash achieved in
funds and EUR 2.2bn in separate accounts/mandates. At the end of the year, it
managed EUR 28.7bn of assets in Europe. In 2018, a transaction volume of about
EUR 4.5bn was secured (investments and divestments).

BNP Paribas Real Estate Investment Management provides a range of funds and
tailored asset management services for international investors with mandates or
vehicles managed in Europe with a local presence in eight countries (Belgium,
France, Germany, Italy, Luxembourg, Spain, the Netherlands and United Kingdom)
investing in offices, retail, logistics, hotels and residential sector. BNP
Paribas Real Estate Investment Management has about 350 employees who provide
solutions to over 100,000 clients throughout Europe and Asia.

BNP Paribas REIM is the business line dedicated to Investment Management within
BNP Paribas Real Estate consisting of various legal entities: France: BNP
Paribas Real Estate Investment Management France (SGP); Italy: BNP Paribas Real
Estate Investment Management Italy (SGR); Germany: BNP Paribas Real Estate
Investment Management Germany (GmbH); UK: BNP Paribas Real Estate Investment
Management UK (Limited); Luxembourg: BNP Paribas Real Estate Investment
Management Luxembourg S.A.

The respective legal entities responsible for offering clients products or
services are named in the respective product documentation, contracts and
information material.

Press contacts:
Claire LENORMAND - Tél : +33 (0)1 55 65 22 84 Mobile : +33 (0)6 75 68 39 03 -
claire.lenormand@bnpparibas.com
Nicolas OBRIST - Tél: +33 (0)1 55 65 21 15 Mobile: +33 (0)6 77 21 27 55 -
nicolas.obrist@bnpparibas.com
Amira TAHIROVIC - Tél : +33 (0)1 55 65 22 08 Mobile : +33 (0)6 37 78 12 17 -
amira.tahirovic@bnpparibas.com
Laurent PAVILLON - Tél : +33 (0)1 47 59 22 56 Mobile : +33 (0)6 03 37 47 28 -
laurent.pavillon@bnpparibas.com

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FREY (EPA:FREY) - Frey finalises the sale to BNP Paribas REIM acting on behalf of BNP Paribas Diversipierre fund of a 30% stake in its outdoor commercial complex located in Portugal

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