It is situated north of St Tropez and is strategically located close to the A57 and A8, the main tourist routes to the South of France. Aix en Provence and Nice are both within an hour's drive. The company says the development has gained the support of the local authorities and committees involved in the initial planning process.
Freeport has already gained planning permission for a 300,000 sq ft (27,870 sq m) designer outlet centre at Roppenheim in eastern France.
Construction is expected to begin in the second half of this year and the operator has reported considerable tenant interest because 6.2 million French and German shoppers live within an hour's drive.