FREY implements its pan-European strategy with the acquisition of a Prime asset in Poland
FREY announces that it has signed a purchase agreement with Ingka Centres for the Matarnia Park Handlowy retail park in Gdańsk (Poland), for a total investment amount of ca €105 million (incl. transfer tax). This first acquisition in Poland confirms the expansion of FREY’s pan-European platform.
Antoine Frey, Chairman and Chief Executive Officer of FREY said: “This acquisition will enable FREY to continue to implement its strategy of becoming the European leader in sustainable retail. A Prime retail park ideally located in one of Poland’s most dynamic cities, Matarnia Park Gdansk also benefits from the attraction of one of Poland’s first IKEA’s on site. FREY will be able to transform this high-potential asset to bring it up to the standards of its Shopping Promenade® concept and get the most out of it. This acquisition also marks FREY’s first investment in Poland, one of the most dynamic economies in Europe”.