FREY and Cale Street completed the formation of a joint venture in a €650m deal.

FREY, a developer, acquirer, and manager of open-air shopping centers and outlet malls across Europe, and Cale Street, a financial service firm that provides real estate investment, finance, debt collection & equity capital solutions, completed the formation of a joint venture in a €650m deal. With these transactions, FREY strengthens its European footprint and further accelerates its growth momentum while consolidating its sustainable retail model.