Sharp increase in profits

“In 2016, all the financial and operational indicators for FREY continue to show a strong upward trend and a double-digit growth rate: + 18% for going concern NAV to €27.80 per share, and +60% for net income attributable to owners of the company to €32.7 million. This performance is all the more remarkable as it was achieved in a difficult global context in terms of consumer spending. It thus confirms the resilience of our property development business model and validates our growth strategy, 100% based on open-air shopping centres, an asset class that closely corresponds to brand and consumer expectations. Lastly, with a pipeline portfolio of €845m for the next five years, the Group is confident in its ability to deliver dynamic, sustainable growth,” said Antoine Frey, Chairman and Chief Executive Officer of FREY.

Other news


Annual results 2023 : FREY achieves another record year

Company life


FREY and Banque des Territoires sign a new partnership for project of the Docks de St-Ouen



FREY announces the success of its rights issue for an amount of approximately €97.1 million