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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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Shanghai 200001
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Tel: +86 21 6029 3599
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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 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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Ragusa: Ibleo Shopping Centre