FREO’s predecessor company, FERI Real Estate GmbH, was founded in 1996. Following a managment buy out led by Matthias Luecker in 2002, the company was renamed FREO Financial & Real Estate Operations GmbH. Today, FREO Group grown into one of Europe’s leading privately-held real estate investment management and development firms.
FERI AG, a German-based investment management business, launched its real estate arm, FERI Real Estate GmbH.
Numerous succssful real estate projects ensued during the FERI period, including a portfolio transaction with GE Real Estate, the acquisition of two office towers on Lennestrasse in Berlin and Geschaeftshaus Koenigsallee, a 5,300 sqm trophy asset in the centre of Duesseldorf.
Following a management buy out, FERI Real Estate GmbH was renamed as FREO Financial & Real Estate Operations GmbH with Matthias Luecker its Chairman and CEO.
An affiliate of FREO acquired Kurfuerstendamm 26a in Berlin, a 6,800 sqm office and retail building located on one of Berlin’s most prestigious retail destinations.
An affiliate of FREO, in conjunction with its joint venture partner Revcap, acquired the XCEL Business Campus project in Stuttgart, a 25.5 hectare office development site, which would later be majority occupied by Alcatel-Lucent and Porsche.
An affiliate of FREO, together with its partner Revcap, acquired Hery Park, a 67,000 sqm retail centre, in Gersthofen, Augsburg, which was later extended and repositioned.
Following acquisition in December 2004 and an extensive refurbishment programme and full leasing to office and retail tenants, the Kurfuerstendamm 26a building located on a prime retail street in Berlin was successfully sold on completion.
FREO acquired Central Tower in Munich, a 23,000 sqm office tower adjacent to the Donnersberger Bridge. Over a 4 year ownership period, the building was successfully repositioned and sold to a German insurance company.
In its second deal with Rockpoint Group, FREO was selected to provide full asset management service for the 54,000 sqm ‘Deutsche Bank Carre’ on Koenigallee in Duesseldorf. Following long-term lease regears with the two largest tenants and a successful rebranding exercise, the property was successfully sold to a German pension fund in 2014.
FREO acquired two development site for what would become One-Goetheplaza, a prime office and retail development project and also Taunusanlage 11, both situated in the heart of Frankfurt CBD. Both developments were completed successfully sold to a German pension institution in 2013.
FREO completed the comprehensive and meticulous redevelopment of Kurfuerstendamm 195, a 17,500 sqm office and retail building located in a prestigious location in the best section of Berlin’s most famous luxury shopping street. In the same year, the building was sold to a German institution.
Construction starts in Ebikon, near Lucerne, on the Mall of Switzerland. Upon completion in 2017, the Mall will be one of the country’s largest and most exciting retail and leisure destinations.
FREO grows its platform by opening offices in the United Kingdom, Spain and the USA and also acquires Atemi, a French asset management company based in Paris and Marseille.
