Brief: Frey Acquires Retail Park In Cartagena, Spain

Frey SA

06/07/2022 16:06

July 6 (Reuters) - Frey SA  FREY.PA :
    * FREY CONTINUES TO EXPAND IN THE IBERIAN PENINSULA BY
ACQUIRING
ONE OF SPAIN’S LARGEST RETAIL PARKS IN CARTAGENA
    * ANNOUNCES THAT IT HAS ACQUIRED, FROM PRIVATE INVESTORS, 
THE
PARQUE MEDITERRÁNEO RETAIL PARK, FOR A TOTAL AMOUNT OF €83
MILLION
    * ACQUISITION WAS FINANCED FROM THE COMPANY’S OWN RESOURCES
    * SECURED CURRENT ANNUAL RENTAL INCOME OF €6MILLION WITH
ROOM FOR
OPTIMISATION (CURRENT OCCUPANCY RATE OF 94%)
    * EXTENSION POTENTIAL WITH AVAILABLE BUILDING RIGHTS FOR A
TOTAL
OF 6,000 M2

Source text for Eikon:  ID:nNDL5Tqbzs 
Further company coverage:  FREY.PA 

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