FREY announces the success of its rights issue for an amount of approximately €102 million

Antoine Frey, Chief Executive Officer, stated:  “Since its listing, FREY has always been able to count on the support of its shareholders and I thank them for that. The success of this new fundraising confirms their confidence in our growth strategy and the relevance of our innovative model, advocating a sustainable approach to commerce. This fundraising will allow us to participate in the financing of several secure projects under development, among which the Docks in St-Ouen-sur-Seine, the marketing of which, launched last November, has met with real success; Open in ‘’Grand Genève’’ and Promenade Lleida, our 1st Shopping Promenade in Catalonia.”