FREY: directors' dealings · France · AMF

About FREY

FREY is a French listed real estate investment company (SIIC) focused on open-air retail destinations. Listed on Euronext Paris since 27 March 2008 under ISIN FR0010588079 and ticker FREY, the company has built a leading position in premium retail parks, outlet villages and open-air shopping centers. FREY presents itself as a fully integrated real estate platform, covering the entire value chain as a developer, investor and operator. This integration gives the group control over site design, financing, leasing, asset management and day-to-day destination operations. From a historical standpoint, FREY developed its strategy around retail formats that it believes are more resilient and more sustainable than traditional enclosed malls. The group created and promoted the Shopping Promenade® and Greencenter® concepts, which have become central to its brand identity. Shopping Promenade® is designed as a mixed-use destination combining retail, leisure, food and services, while Greencenter® refers to eco-friendly retail parks with a strong focus on accessibility, energy efficiency and urban integration. In 2025-2026, FREY accelerated its European expansion and strengthened its pan-European profile. According to its latest financial communications, the group manages more than 1.2 million square meters across 10 countries and employs more than 300 people. Its portfolio includes more than 40 premium shopping destinations, retail parks and outlet villages. The company has highlighted strong growth in annualized rental income, recurring revenues and acquisitions, especially in outlet assets in Germany and Italy. FREY holds a distinctive position in the European market for open-air commercial real estate, a segment that has regained investor and retailer appeal. Its model is based on high-quality locations, consumer-oriented retail offer, and active portfolio management through development, acquisition and asset optimization. The company also emphasizes its mission-led profile and was among the first French real estate companies to obtain B Corp certification, later recertified in 2025 with an improved score. Notable recent facts include the group’s reported total assets of €2.6 billion, group share, in 2025 and strong 2025 full-year performance announced in March 2026, underlining the scaling-up of its European platform. Overall, FREY combines organic development, external growth and operational management to consolidate its status as a European leader in open-air shopping destinations.