Frey secures €464m to fuel European expansion

European shopping centre operator Frey has finalised a €54 mln mortgage agreement, backed by its high-performing Spanish retail park, Parc Vallès.

Shopping Promenade Riviera, Cagnes sur Mer

This deal raises the total new financing secured by the Group this year to €464 mln, significantly bolstering the capital available for its ongoing European growth strategy.

This latest seven-year loan adds to the €250 mln in corporate financing and €160 mln in prior mortgage funding the Group has already arranged in recent months.

These transactions have successfully expanded Frey’s lending syndicate, adding four new international banking partners to its existing pool of long-standing financial relationships.

By actively managing its liabilities, Frey has more than doubled its available liquidity—cash and undrawn credit—to nearly €800 mln, up from €384 mln at the end of 2025. This provides the Group with substantial financial capacity to continue executing its growth across Europe.

Frey develops, invests in and operates more than 40 destinations spanning 10 different countries, corresponding to over 1.2 million m2 of retail space and €2.6 bn of assets (Group share).