Frey Group completed the acquisition of Mcarthurglen Designer Outlet Berlin from Nuveen Real Estate.

Frey Group, a developer, acquirer and manager of open-air shopping centers and outlet malls across Europe, completed the acquisition of Mcarthurglen Designer Outlet Berlin (Designer Outlet Berlin) an open-air outlet mall, from Nuveen Real Estate a manager of real estate funds. Financial terms were not disclosed. "We are very pleased to welcome Designer Outlet Berlin into our portfolio. This first establishment in Germany marks a key milestone in our European expansion. Designer Outlet Berlin is an exceptional site, supported by experienced teams. We are proud to soon bring FREY’s DNA to it: open-air, friendly, and sustainable places designed for consumers. Designer Outlet Berlin offers retailers both operational excellence and a strong platform for brand expression, in a beautiful setting. We also commend the work done so far, which has made this site a national benchmark. We are committed to continuing this momentum by bringing our bold vision of retail centered on customer experience, value creation, and environmental transition." Antoine Frey, FREY Chairman and Chief Executive Officer.