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15 May 2017 Growth in Continental Europe remains robust in Q1 2017 Europe commercial real estate investment totalled €56.1bn in Q1 2017 according to CBRE. Trading activity in continental Europe increased despite elections in several notable markets. 15 May 2017 Retail park vacancy rates hit record low in the UK Vacancy rates in the retail warehouse market have fallen to their lowest level in more than 15 years. Research by Trevor Wood Associates said vacancy rates have fallen to 5.3%, down from 5.9% last year and well below the peak figure of 11.8% recorded in 2009. 15 May 2017 Globalisation is alive and well in the real estate sector Cushman & Wakefield’s 2017 Atlas Summary report tells the investment stories that are driving the market ahead. Despite political uncertainty, rising populism and the threat of protectionism, cross border real estate investment interest remains high and capital continues to flow in and around all areas of the world.

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Pradera representative joins ICSC European Advisory Board

Istanbu-based Alison Rehill-Erguven, Managing Director and Head of Pradera's Turkey office, has been appointed to the International Council of Shopping Centres European Advisory Board.

The ICSC European nominations committee formally offered Alison, who oversees Pradera's third party asset management contract of the Cevahir Shopping Centre in Istanbul, the position in July, along with three others - the CEO of McAruthurGlen, Julia Calabrese, David Gorelick, a senior director at Ralph Lauren and, Anthony Khoi, President of Aerium Turkey. The newly appointed board members will attend advisory board meetings twice per annum for the duration of their three year terms.

Alison has over 15 years of retail real estate experience, half of which has been spent working internationally. Prior to joining Pradera, Alison worked for nine years in the US with General Growth Properties, where she managed international joint ventures and assets in Turkey, Brazil and Costa Rica worth over $500m.

From her current Istanbul base, Alison oversees the asset management of the Cevahir Shopping Centre, one of the largest in Turkey, with almost 100, 000 sq.m of retail and over 20,000 sq.m of leisure space. The centre was recently awarded a prestigious ICSC Sola Marketing Award for an innovative social media and online gaming campaign that was designed to interact with customers and promote random acts of kindness.

Chair of the ICSC European Advisory Board, Alexander Otto, said "I am delighted to welcome four such high profile, experienced and talented retail industry experts to our board, which has a truly global perspective alongside its extensive European retail real estate knowledge. They join an already strong team who give their time and knowledge to drive our industry forward."

ICSC Managing Director, Mike Morrissey, said "Julia, Alison, David and Anthony are great additions to our European Advisory Board which has a vital voice at the heart of Europe. Given the importance of retail real estate to economic growth, job creating and urban regeneration in Europe, a strong ICSC European advisory board is essential to guide the industry forward."

The ICSC is the premier global trade association of the shopping centre industry. It has more than 63,000 members in over 100 countries and links with more than 25 national and regional shopping centre councils throughout the world. The ICSC was set up in 1957 to advance the shopping centre industry and to promote its crucial role in the commercial distribution of consumer goods and services, through educational programmes, conferences, data collation, advocacy and marketing. It also helps maintain high standards of shopping centre professionals.

Alison Rehill, Managing Director, Pradera comments: "I am delighted to accept this appointment and very much look forward to joining some of the world's foremost retail professionals as we continue to support, educate and develop the shopping centre industry. It is a real honour."

Alison holds a Bachelor of Science (International Trade) with honours from the Fashion Institute of Technology, State University of New York and an Executive Certification in International Management from the Garvin School of International Management, Thunderbird University.

Pradera News

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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PRADERA MAKES SENIOR HIRE FOR ASIA JOINT VENTURE

Pradera, one of Europe’s leading specialist retail property fund and asset managers, today announced the appointment of Rhys Evans to the position of Head of Asset Management for its Pradera Retail Asia, the joint venture with Macquarie Retail Real Estate Management Limited announced in September.

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BARRY COX JOINS PRADERA RETAIL ASIA

Pradera, the specialist retail fund and asset manager, today confirms the expansion of its Asian team with the appointment of Barry Cox as Head of Business Development to Pradera Retail Asia, the joint venture with Macquarie Retail Real Estate Management Limited (a subsidiary of Macquarie Infrastructure and Real Assets (Hong Kong) Limited (MIRA)) announced in September.

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Background Photo:
Ragusa: Ibleo Shopping Centre