Advising the real estate investment company Frey, listed on Euronext Paris, on the signing of an agreement with the OPCI BNP Paribas Diversipierre – managed by BNP Paribas REIM France – regarding Diversipierre’s acquisition of a 30% stake in the capital of the company holding the shopping complex, Algarve Shopping & Albufeira Retail Park, located in the Algarve (Southern Portugal), currently 100% owned by Frey.
This transaction will be carried out on the same price retained in July for the acquisition of 100% of the asset by Frey (€179.3 million including transfer duties, including a deferred payment of €20 million at 18 months). It is subject to customary conditions for this type of transaction and should be completed before the end of December 2019.