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5 April 2017 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. 15 March 2017 Germany is ahead of the UK as the most attractive place to invest & the Nordics enters the top three The most attractive country for real estate investments in EMEA. Germany (22%) retains the top spot, beating the UK (20%) for the second consecutive year. 13 March 2017 Global Consumers feel the pinch Household spending around the world has benefitted from three powerful tailwinds in 2014-2016 namely cheap money and low debt servicing burdens, cheaper energy and second round effects via transport costs and recovering labour markets shifting millions of unemployed into work.

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Contacts by location
London
Pradera Limited
Eldon House
2-3 Eldon Street
London EC2M 7LS
England
Tel: +44 20 7539 5432
Fax: +44 20 7504 8425
Madrid
Pradera Management Spain S.L.
C/ Jose Ortega y Gasset, 20 7a
28006 Madrid
Spain
Tel: +34 91 512 0224
Fax: +34 91 512 0280
Milan
Pradera Management Italy S.r.l.
Piazza Cavour 2
20121 Milano
Italy
Tel: +39 02 3657 8400
Fax: +39 02 3657 8438
Istanbul
Pradera Garimenkul Yönetimi Ve Ticaret Limited Sikreti
Meydan Sokak Mermerciler Sitesi
Edin Suner Plaza A, Blok 6A
Akatlar, BeÅŸiktaÅŸ
Istanbul
Turkey
Tel: +90 212 350 90 71
Fax: +90 212 351 40 49
Prague
Pradera Management Czech Republic
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 224 423 331
Fax: +420 224 423 333
Warsaw
Pradera Management Poland
Sp. z o. o.
ZÅ‚ote Tarasy Skylight, 5th floor
ul. ZÅ‚ota 59
00-120 WARSAW
Poland
Tel: +48 22 222 15 15
Fax: +48 22 222 15 22
Hong Kong
Pradera Hong Kong Limited 1202
Ruttonjee House
11 Duddell Street
Central
Hong Kong
Tel: +852 3107 3820
Shanghai
Pradera Retail Asia
Level 5
Unit 502
No. 353 Nanjing East Road
Huangpu District
Shanghai 200001
China
Tel: +86 21 6029 3599
Careers | Contact details




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James Bury Thumbnail

Pradera confirms its succession plans

Europe's leading specialist retail property fund manager, Pradera, today announces that it has incorporated all its retail property management activities under one executive management team led by recently appointed CEO James Bury.

James will be supported by managing directors, Roberto Limetti and Neil Varnham. The changes bring together the UK and European business under one executive team which will also include Simon Cairns, Richard Gore, Eduardo Noguera, Scott Quinn, Alison Rehill, Mark Richardson and Barrie Whight.

As part of this process, the co-owners of the group, Paul Whight and Colin Campbell, will be stepping back entirely from their current, day-to-day executive roles, remaining shareholder directors in a non-executive capacity. The purpose of this move is not only to pass on management of the group to an experienced team of executives, but also to present the combined UK and European operations under a single Pradera-branded fund and asset management company. These changes will benefit the group's investors and joint venture partners, as well as the retail occupiers of the fifty one assets managed by the company.

Pradera founder Paul Whight says: "For the last twelve months we have been formulating a succession plan that will enable a smooth transition to a new management structure. Colin and I are stepping back from our hands-on roles, confident that the baton is being passed to the best possible people."

Colin Campbell added: "This is an important and exciting step in the evolution of Pradera. The team has now grown to over 90 people managing more than €2.2bn of retail assets in the UK, Continental Europe and Turkey as a manager of funds, separate account mandates and joint ventures. Our new executive team is highly regarded throughout the industry and the steps being taken will allow the next generation of Pradera managers to take the business forward. This is a team that has strong history within the group, has worked together for many years and understands the traditional strengths of Pradera."

James Bury commented: " This is a great opportunity to build upon success of the individual Pradera business with a single management team and unified Pan-European business. Our asset management focused approach based on expert, local teams in each country continues to deliver good performance for our investors and we are confident that there is a bright future for the retail sector in general and specialist managers in particular."

As part of this process, Chris Jolly will step back from his Group Chief Executive role and become a non-executive director at shareholder board level along with the current parent board member, Yvonne Beirne and non-executive director Nick Hewson.

Key Pradera Profiles:

James Bury

James has almost 20 years of commercial real estate experience, a large part of which have been gained in the retail sector in Continental Europe. James joined Pradera in 2009 and has been running the European operations as Managing Director and Head of Asset Management.

Before joining Pradera, James was director of JER Partners. Prior to JER, James was a Director of Property at Henderson Global Investors, mostly notably working on the launch of the Herald European Retail Fund for which he was a Fund Manager and also on the Henderson's European Outlet Mall Fund.

He was seconded to Pradera for most of 2000 and worked on the Pradera European Retail Fund's first acquisition in Spain and Italy. Before Henderson, James worked for Cushman & Wakefield for six years.

Neil Varnham

Neil has 37 years' experience in the retail property sector, having worked in direct property investment across 15 countries and across the globe in capital raising. Prior to joining Pradera in 2009, Neil was director at Henderson Global Investors where he was responsible for the creation, launch and directorship of a number of Funds in the Retail Sector, notable ones of which included the Henderson Herald Fund, UK Outlet Mall club vehicle and European Designer Outlet Mall Fund.

In the late 1990s Neil created the Birmingham Alliance joint venture. This joint venture developed the prestigious Bull Ring Shopping Centre (over 1 million sq ft), which has become the iconic symbol of Birmingham and has won numerous awards across the globe. From 1996 through to its opening in 1999, Neil was involved in the management of the development of the 650,000 sq ft Buchanan Galleries shopping centre in Glasgow.

Neil is a former President of the British Council of Shopping Centres, is a Fellow of the Royal Institution of Charter Surveyors and has spoken on retail topics throughout Europe at numerous conferences.

Roberto Limetti

Roberto joined Pradera in January 2001 and has held the position of Head of Pradera's Italian office, based in Milan. Previously, he has worked for more than three years at Sisim Srl, an Italian based consultancy company, as the development manager for Italian and international companies wishing to expand in the Italian, Austrian, Croaitan and Slovenian shopping centre markets. Prior to Sisim, he spent four years first at Espace Expansion Italia (subsequently Alban Cooper Italia Srl), working on feasibility studies and managing and leasing shopping centres in Italy.

Roberto studied Economics with specialisation in shopping centre localisation at Universita' Cattolica del Sacro Cuore in Milan.

For further information please contact:

David Martin, TTA Group
Tel: 020 7861 2563
Email: dmartin@ttagroup.com

Tim Reid, TTA Group
Tel: 020 7861 2564
Email: treid@ttagroup.com

Press Releases

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.

Read whole story

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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PRADERA NAMES DAVID FLETCHER AS CHIEF EXECUTIVE

Pradera, one of Europe’s leading specialist retail property fund and asset managers, today announced the promotion of David Fletcher to Chief Executive.

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Background Photo:
Ragusa: Ibleo Shopping Centre