News from 2016

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FREO launches its OPPCI and completes its second real estate investment in France

05/08/2016

FREO Group, in partnership with a US investment fund, has completed an acquisition with an OPPCI created and managed by FREO Immo, a management company authorized by the French regulatory authority, the AMF.   The OPPCI has bought an office building of about 3,500 sqm on rue Vernier in the 17th district of Paris from a French private group. This acquisition was structured and executed by FREO on behalf of the OPPCI. All asset management initiatives for this project, including capex for major renovation, will be managed by FREO Immo.

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FREO Group completes its first acquisition in France

22/07/2016

FREO Group has just completed the acquisition of Pablo Picasso, an office building of over 35,000 sqm close to La Défense, the business district of Paris.   This first acquisition in Paris by FREO, structured by FREO and in partnership with a British investment fund, confirms the strategy of FREO with respect to the French real estate market. The seller is a European institutional investor. Furthermore, FREO, as asset manager, will support the implementation of a capital expenditure program and renovation of the building.

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East Side Mall – Construction on Schedule

11/03/2016

Ground works commenced this week at the East Side Mall site in line with the Mall’s anticipated opening in 2018. Siegfried Tenner, FREO’s responsible project director said: “We are excited to have commenced initial works at this landmark development and are looking forward to creating a world class retail destination for Berlin”.

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