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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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Home News & Media Pradera News

Pradera secures Peacocks and Poundworld at Springhill Retail Park, Bangor.

Peacocks has re-established itself in the Northern Irish retail market, opening a 5,000 sq. ft. unit at Springhill Retail Park, in the south west of Bangor. The fashion brand was courted to the park by the joint venture owners, Brockton Capital and Pradera.

The JV also secured another high profile occupier for the site, with Poundworld opening a further 5,000 sq. ft. unit before Christmas.

The deals represent a major coup for the town, bringing a new range of affordable shopping to the local community.

Peacocks Stores Limited, part of The Edinburgh Woollen Mill Group, has chosen Springhill Retail Park as opposed to the local shopping centre, Bloomfield, in a further sign that the out of town retail market is growing in popularity throughout the UK.

Duncan Costin, Group Head of Acquisitions, said: “We’re delighted to be opening a Peacocks store in Bangor again. The stores we’ve re-opened in Northern Ireland so far have been very well received by the public and are trading successfully. We’re also pleased to be able to help boost the local economy by creating nearly 20 full and part time jobs in the town.

“There is certainly room for around 20 more stores over the next 2-3 years in Northern Ireland, if we can secure suitable premises.”

Jonathan Martin from Lambert Smith Hampton adds: “The out-of-town market is ever strengthening in Northern Ireland and there has been a significant growth in confidence in Springhill specifically “The scheme is well let, with limited voids and strong retailer interest in the remaining few units.

“This success signals a change in the way we view the retail park too. The traditional park has evolved into a key shopping destination and Springhill is the perfect example of this, accommodating retailers such as Next, New Look, Heatons, Sports Direct, Peacocks, B&M and Starbucks.”

Richard Gore, a Director at Pradera, commented: “Our strong asset management disciplines and focused approach means that we are constantly making targeted decisions to ensure that  we achieve the optimal tenant mix which is complementary to both tenants’ and the local community’s requirements.

“We believe that both Peacocks and Poundworld will trade exceptionally well here and will contribute to the growth and sucess of the park. We welcome them to Springhill.”

The Springhill Retail Park is an Open A1 Retail Park anchored by a 6,968 sq. m. Tesco supermarket, with an additional 9,290 sq. m. of retail warehouse units. Other key tenants include New Look, Sportsdirect, Heatons and B&M.

Completed in 2008, the scheme sits alongside the main A2 arterial, just 2km from Bangor City Centre. It benefits from 984 parking spaces split over two levels. 

Pradera News

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.

Read whole story

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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Ragusa: Ibleo Shopping Centre