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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

Tristan Fund Acquires Le Centurie Shopping Centre near Padua, Italy, for €29.0 Million

London - A fund advised by pan-European real estate investment adviser Tristan Capital Partners has acquired Le Centurie shopping centre near Padua in North East Italy, for €29.0 million. The purchase price reflects a net initial yield of 7.6%.

The 11,161 sq. m. shopping centre located in San Giorgio della Pertiche, 17 kms northeast of Padua, has been acquired by the European Property Investors Special Opportunities 3 (EPISO 3) fund. The shopping centre adjoins an Iper Rossetto hypermarket, which is not included in the transaction.

Sameer Godbole, Executive Director Investments at Tristan Capital Partners, said: “This is a great addition to the retail portfolio that we are assembling in Italy following the purchase of four assets in Piedmont, Rome and Sicily earlier this year. While Le Centurie opened in 2012 and is fully occupied, we see lots of ways of enhancing value through targeted initiatives.”

The single storey property is divided into 40 units occupied by retailers that include Euronics, Eurobrico, Piazza Italia and Rizzato Calzature. The shopping centre also provides parking for 1,000 vehicles.

Pradera has been appointed as the asset manager, building on the longstanding partnership between the company and Tristan to acquire and manage retail assets in Europe. In total the Tristan portfolio managed by Pradera in Italy currently consists of five shopping centres including Le Centurie.

Roberto Limetti, Managing Director and Head of Pradera Italy, commented: “We are delighted to have sourced a fifth asset in Italy on behalf of Tristan and to have been appointed as asset managers. Le Centurie is a well performing asset with genuine potential for improvement and adding real value through active asset management thanks to our local presence and deep understanding of the Italian real estate market.”

Tristan Capital Partners was advised by Matteo Troni and Francesca Tresoldi of Jones Day, Claudio Schettini of Studio Pirola and Silvia Baroffio of Accuracy.

The vendor has been advised by Studio Corgnati and the lawyer Alberto Gusso.

Marco Montosi of Cushman & Wakefield managed the sale process on behalf of the vendor.

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