08/01/2019 Development, Retail

Portugal: FREY buys Algarve Shopping Mall

Frey signs a 3rd international transaction with the acquisition of an open-air shopping centre of 60,000 sqm in Portugal

On this occasion, Antoine FREY, Chairman and Chief Executive Officer, said: “This acquisition marks our first establishment in Portugal, in the Algarve, a region that benefits from dynamic demographic and economic fundamentals. This open-air shopping centre, located in Albufeira, is a high-quality asset that combines a high recurring yield and a significant value creation potential through its renovation and expansion“.

Read the press release

More information about Algarve Shopping

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