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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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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.

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