PwC Legal and PwC Germany advise FREY Group on the acquisition of Designer Outlet Berlin
Frankfurt am Main, 12th May 2025
A multidisciplinary team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) advised several project companies of the publicly listed French FREY Group on the acquisition of the McArthurGlen Designer Outlet Berlin (Designer Outlet Berlin).
The transaction volume amounts to around 230 million euros. The property covers a land area of approximately 2 hectares and is 98 percent leased. The buyers are various special purpose vehicles of the FREY Group, which specializes in the development and operation of open-air shopping centers and outlet centers in Europe. The seller was Nuveen on behalf of the European Outlet Mall Fund (EOMF), which invests in designer outlet centers across Europe.
Designer Outlet Berlin is located in Wustermark, Brandenburg, about 30 kilometers west of Berlin city center, and offers more than 90 stores across 16,500 square meters of retail space. The future management of the property will be handled by ROS, the fourth-largest outlet operator in Europe, which the FREY Group acquired in summer 2023.
The Frey Group is a French real estate investment company headquartered in Bezannes, specializing in the development, ownership, and management of open-air shopping centers across Europe.
Advisors to FREY Group
PwC Legal:
Hans Thomas Kessler und Gelena Minkov (all Lead), Dr. Tobias Nuß, Stefanie Rzeniecki,
Dr. Stefan Schlimm, Tobias Schrader, Tereza Livajic, Maria Glinka (all Construction and Real
Estate Law), Prof. Dr. Matthias von Kaler (Public Business Law), Susanne Zühlke (Antitrust
Law)
PwC Germany:
Dr. Michael Müller (Berlin) und Alexandra Burg (Berlin), Marc Frei-Hermann (Berlin),
Alexander Hecht (Düsseldorf)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC Germany:
Our clients face diverse challenges, strive to put new ideas into practice and seek expert advice. They turn to us for comprehensive support and practical solutions that deliver maximum value. Whether for a global player, a family business or a public institution, we leverage all of our assets: experience, industry knowledge, high standards of quality, commitment to innovation and the resources of our expert network in 149 countries. Building a trusting and cooperative relationship with our clients is particularly important to us – the better we know and understand our clients’ needs, the more effectively we can support them.
PwC Germany. More than 15,000 dedicated people at 20 locations. €3.05 billion in turnover. The leading auditing and consulting firm in Germany.
