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“.
More information about Algarve Shopping