PERF3: New pan-European “core” Fund. Target net IRR: 10-12%. Cash yield: 6%. Target gearing: 40%. Managed by Pradera Europe.
Pradera Europe is currently capital raising for the first issue of Units in the Pradera European Retail Fund 3 (“PERF3”). PERF3 is targeting mass-market shopping centres with a focus on secondary cities across Western Europe with a 30% limit for non-Eurozone countries. The Fund is structured as a Luxembourg FCP, but will also be approved by BaFin in Germany.