Business
FREY Finalizes the Acquisition of Its First Outlet for €230 Million: Designer Outlet Berlin
FREY Finalizes the Acquisition of Its First Outlet for €230 Million: Designer Outlet
About this update from Frey Sa
As part of its pan-European growth strategy , FREY has taken a major new step with the acquisition of the Designer Outlet Berlin for €230 million . The only outlet village in the Berlin-Brandenburg region, this flagship site further consolidates FREY's position as a leading player in open-air retail destinations across Europe. Now fully owned by FREY and operated by its dedicated subsidiary ROS Retail Outlet Shopping , Designer Outlet Berlin demonstrates strong fundamentals: 2.7 million annual visitors , 100 international brands , and a 98% occupancy rate . Antoine Frey , Chairman and CEO of FREY, commented: "Designer Outlet Berlin is a premium asset that aligns perfectly with our values and ambitions. This first investment in Germany is a key milestone in FREY's European expansion strategy , and it exemplifies our commitment to delivering open-air, sustainable, and experience-driven retail that creates long-term value for brands, communities, and consumers alike." Read the press release