05:01 AM EST, 11/12/2026 (MT Newswires) -- French real estate company Frey (FREY.PA) and Singaporean sovereign wealth fund GIC agreed to form an investment vehicle with 400 million euros in equity to target premium retail parks in Europe. The new vehicle will invest in medium-sized retail facilities across Western Europe and Poland, according to a Thursday release. Frey will hold a 20% stake and act as the operating partner, while GIC will own the remaining 80%. Frey will contribute a seed portfolio of three retail parks in France, Spain and Portugal with a total value of 176 million euros.

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