URW sells Polygone Riviera for triple-digit million amount

Located in Cagnes sur Mer on the highway towards Monaco, about 20 km from Nice, the shopping center offers over 77,000 sq m of entertainment and leisure fun for the whole family.
The binding offer for the URW shares of the center (71,000 sq m) of over 272.3 million euros came from Frey, a real estate company specialized in the development and operation of outdoor shopping centers in Europe get. The center has an excellent BREEAM In-Use certification and shares many common features with the DNA of the FREY portfolio.

The transaction is expected to close this quarter.

Frey specializes in open-air shopping centers in Europe. With its Greencenter concept, FREY is a pioneer in the field of environmentally friendly retail parks and inventor of the next generation of open-air shopping centers Shopping Promenade, “entreprise à mission”, B Corp™ certified. FREY also leads major urban renewal and mixed-use projects.