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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
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Home News & Media Press Releases

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

Press Releases

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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PRADERA SECURES THREE MAJOR RETAIL BRANDS AT WHITE LION RETAIL PARK, DUNSTABLE

Pradera, one of Europe’s leading specialist retail fund and asset managers, secures three high profile occupiers at its White Lion Retail Park, Dunstable, UK.

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Ragusa: Ibleo Shopping Centre