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18 September 2017 PRADERA CONTINUES GROWTH WITH OPENING OF FIRST GERMAN OFFICE Pradera, the specialist international retail real estate fund and asset manager, today announced the opening of its first German office as the company continues its successful growth through expansion across Europe and into Asia. 8 August 2017 Online giant blending offline and online grocery and it's not Amazon Alibaba Group Holding Ltd. has stepped up its efforts to combine physical retail with online in the supermarket space. The Chinese e-commerce behemoth has opened three new membership supermarkets, under the Hema banner, in Beijing and Shanghai, that seamlessly blend offline features with physical retail. 8 August 2017 Rebound in UK investments Europe posted a strong second quarter with over €74bn in investments. This brings the total for H1 2017 to €130bn, which represents an increase of 13% compared to the same period in 2016.

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Pradera Retail Asia
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Tel: +86 21 6029 3599
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PRADERA CONTINUES GROWTH WITH OPENING OF FIRST GERMAN OFFICE

Pradera, the specialist international retail real estate fund and asset manager, today announced the opening of its first German office as the company continues its successful growth through expansion across Europe and into Asia.

The office in Munich is led by newly recruited Head of Germany, Berith Ironside. Berith, a German native, brings 27 years’ experience in Pan European real estate asset management to the post. She is tasked with unlocking value in Pradera’s growing portfolio of retail properties in a country where it sees strong opportunities for investors and asset owners.

Berith’s local team will manage the German assets held in the Pradera European Retail Parks SCSp fund, which last April acquired 17 retail parks from IKEA Centres. Ten are in Germany, including assets in Cologne, Hamburg and Ulm. The new office is also responsible for managing assets in the Pradera Open-Ended Retail Fund (POERF). These include the Real Hypermarket in Bamberg along with the Äppelallee-Centre in Wiesbaden, which POERF acquired in early 2016 for EUR 82 million.

Prior to joining Pradera, Berith was Head of International Expansion at AGRE and set up and ran the German portfolio for Cityhold Property AB.  In previous roles, Berith led the European Foreign Investment Team at Allianz, was Senior Fund Manager for a Pan-European Retail Fund at Grosvenor in Paris, established Savills IM in Germany and built up and was Fund Manager of the Savills IM German Retail Fund.

David Fletcher, Chief Executive of Pradera, said: “The opening of our first German office under Berith’s expert leadership is a natural progression in our ambition to be the go-to partner for retail real estate fund and asset management across all retail asset classes. It provides significant opportunities for investors and asset owners in one of Europe’s most resilient economies, where we anticipate strong appetite for high quality retail product, now and in the future.”

The move is the latest major initiative to follow a significant minority investment by multi-family office LJ Partnership in April 2016. That deal signalled Pradera’s plans to take its trusted platform into untapped segments of the retail property market and new geographies. Basing asset management teams with local know-how on the ground is central to this growth strategy and the delivery of better returns across all asset classes for investors and retailers.

Pradera has since established Pradera Retail Asia, a joint venture with Macquarie Retail Real Estate Management Limited (MIRA). Last May it added a fourth retail property in China – Mosaic Chongqing Metro Park – to assets already managed in Qingdao, Xi’an and Shanghai, with a total gross leasable area (GLA) of 200,000 sqm. This increasingly global perspective sees Pradera sharing best practice to further improve performance and returns in a €3.3 billion portfolio that now includes 58 shopping centres and retail parks worldwide.

Pradera News

ASIA’S FIRST ‘DUNGEON’ ATTRACTION TO OPEN FOLLOWING AGREEMENT BETWEEN MOSAIC SHANGHAI AND MERLIN ENTERTAINMENTS PLC

Retail asset management specialist Pradera Retail Asia, the newly appointed Asset Manager of Mosaic Shanghai, has executed a lease agreement with Merlin Entertainments plc (‘Merlin’), the leading global visitor attractions company, to open ‘THE SHANGHAI DUNGEON within Mosaic Shanghai. THE SHANGHAI DUNGEON attraction, the first of its kind in Asia, is due to open in late summer 2018.

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PRADERA APPOINTS JOHN HOPKINS AS FINANCE DIRECTOR

Pradera has expanded its senior management team with the appointment of John Hopkins to the position of Finance Director for its Pradera European Retail Parks Fund (“PERP”).

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PRADERA RETAIL ASIA APPOINTED ASSET MANAGER FOR A FOURTH SHOPPING CENTRE IN CHINA

Pradera Retail Asia has been appointed asset manager of Mosaic Chongqing Metro Park, a 100,000 sqm shopping centre in the urban city of over 18 million people in Southwest China, further bolstering Pradera Retail Asia expansion in the region.

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PRADERA COMPLETES FIRST ACQUISITIONS FOR PRADERA EUROPEAN RETAIL PARKS FUND IN EUR 900 MILLION DEAL WITH IKEA CENTRES

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has completed the first acquisitions for the Pradera European Retail Parks SCSp, a Luxembourg fund which in March signed a EUR 900 million transaction with IKEA Centres to acquire 25 retail parks in eight European countries.

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PRADERA LAUNCHES EUROPEAN RETAIL PARKS FUND IN EUR 900 MILLION DEAL WITH IKEA CENTRES

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has today announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund. In a EUR 900 million transaction agreed with IKEA Centres.

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PRADERA NAMES STEFANIA EMANUELE AS FINANCE DIRECTOR, SOUTHERN EUROPE

Leading specialist retail fund and asset manager Pradera today announced the appointment of Stefania Emanuele to the role of Finance Director, Southern Europe.

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