Leroy Merlin (Adeo Group)

French DIY/home improvement retail group. Parent of Leroy Merlin.

A real estate development and investment company in Central and Eastern Europe. Portfolio includes shopping malls, business parks, office complexes, residential and mixed-use projects across Serbia, Czech Republic, Germany, Hungary, Bulgaria, Poland, Latvia, Romania.

French hospitality group. JV with Brookfield marketing €400m+ lifestyle hotel portfolio (Biarritz, Val d Isere, Ibiza, Rome, Cheltenham). JLL leading process.

French last-mile urban logistics platform; 1.6m sq m portfolio, 500,000+ sq m of development potential. ~50% in Paris, Lyon, Marseille. Minority stake taken by CPP Investments (€400m co-invest) alongside Blackstone-managed funds in May 2026.

FREY, officially known as Frey Group, is a prominent European property investment and development company. It specializes in outdoor shopping centers, large mixed-use urban developments, and experiential retail destinations. With a commitment to sustainable urban planning, FREY aims to create spaces that benefit brands, investors, and local communities. The company is headquartered in Bezannes, Grand Est, France, and operates in 10 countries, managing over 2 million square meters of retail space. FREY is recognized for its B Corp certification, achieved in June 2021, making it the first French real estate company to receive this honor. The company focuses on transforming retail sites into vibrant social hubs that integrate fashion, leisure, and dining. Its services include property investment and development, urban planning and design, experiential destination management, asset management, and sustainable development practices. Through its projects, FREY fosters a balance between commercial success and social responsibility, creating destinations that enhance community life.