FREY completed the acquisition of Finestrelles shopping centre in Spain from Equilis for €128m.

FREY, a clothing care start-up, completed the acquisition of Finestrelles shopping centre in Spain from Equilis, a real estate development company, for €128m. “This new acquisition strengthens our presence in Iberia. FREY is consequently continuing its strategy of expansion, with the ambition to become the European leader for sustainable retail. Finestrelles Shopping Centre is a high-quality asset. It contains all the fundamentals that we appreciate at FREY and will enable the Group to deploy all its management and animation expertise. We are very pleased to integrate it in the REIT’s property portfolio," Antoine Frey, FREY Chairman and CEO.