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:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at www.pwc.com.
In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each member firm of PwCIL is a separate and independent legal entity.
The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details can be found at www.pwc.com/structure.
