
La Torre Outlet Zaragoza is a joint project between Kiros Iberia, Roundshield and Frey Group.
KIROS IBERIA, ROUNDSHIELD & FREY GROUP

RoundShield is a private investment firm that invests across the entire capital structure in European asset-backed opportunities.
It specialises in providing private equity solutions in the real estate, infrastructure and financial asset markets. RoundShield manages approximately $4 billion of capital on behalf of pension funds, endowments, foundations and other institutional investors.
RoundShield's investment strategies prioritise opportunities with strong underlying fundamental value, driven by its diverse network of long-standing relationships across a wide range of sectors and a deep understanding of Western European market dynamics.
RoundShield has a team of over 50 experienced portfolio management, restructuring and investment professionals working across all of its offices.
FREY develops, invests in and operates more than 40 premium shopping destinations, retail parks and outlet villages. Present in 10 countries, the Group deploys a high-performing European platform serving brands, investors and local communities.
With over 2 million sqm of retail space, FREY designs innovative and responsible experiential destinations where fashion, leisure and dining transform each site into a true living and social hub for visitors.
In 2021, FREY became the first French real estate company to earn B Corp certification. By achieving a score of 102.2 points in one of the world’s most rigorous certifications, the strength of FREY’s social, environmental and societal commitments is clearly demonstrated. This recognition of our commitment is fully in line with FREY’s responsible approach and serves as tangible proof of its actions to all stakeholders. In 2025, FREY is re-certified B Corp and increases its score by 14 points, achieving a score of 116.1.