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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 two big name tenants for market gates great yarmouth

Pradera has secured two new, high profile, long lease retail tenancies at its Market Gates Shopping Centre in Great Yarmouth, East Anglia, tying in with plans for a wider refurbishment of the centre.

Europe’s specialist retail property fund manager has agreed a 15 year lease of around £70,000 p.a. with Burger King’s parent company CPL Foods Ltd, and a ten year agreement of about £80,000 p.a. with Superdrug Stores.

Superdrug Stores opened a brand new 7,377 sq. ft. outlet in May 2013 and CPL Foods Ltd will launch a 3,722 sq. ft. Burger King outlet in the centre, including a seating area in the mall’s existing food and beverage zone.

These deals represent a major coup for the town centre. In conjunction with a refurbishment project at the centre, Pradera aims to boost local employment, better the experience of visitors to the centre and increase footfall. This forms part of a wider plan to encourage place-making in the UK’s secondary shopping centres, by combining retail with leisure facilities.

The Market Gates Shopping Centre is situated in the town centre of Great Yarmouth, Norfolk, currently housing over 155,000 square feet of retail space. It comprises a mix of high street and independent brands across the fashion, technology, footwear, sports and leisure, home and furniture, jewellery, stationery, food and drink and now, health and beauty sectors. With dual street access, it also incorporates a multi storey car park and the town centre bus station.

The Superdrug and Burger King announcement further strengthens its UK activities of Pradera, which recently incorporated all its retail property management activities under one executive management team, led by CEO, James Bury and Managing Director, Neil Varnham.

James comments: “We are excited to welcome Superdrug and Burger King to Market Gates and we hope that the increased footfall generated will have a beneficial impact on existing retailers’ trade. We also expect that these lettings will be the catalyst for our proposals to develop out further space as we look to continually improve the retail environment in this centre and others.

“Our asset management focused approach based on expert, local teams continues to deliver a good performance for our clients and investors and we are confident that there is a bright future for the sector, in both the UK and Europe.’’

Source: Property Week, 2013

Published in Property Week

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