Latest News

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.

More News



CONTACT

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




Home News & Media Retail News

MIPIM: What the retail investors said

Real estate investors are looking to place money this year but demands for investments which meet their “sweet spot” are increasing, said Henderson Global Investors director of shopping centres (UK) Myles White.

 

The fund specialist came to Cannes as part of its equity raising exercise, including for its Shopping Centre Fund, and White said that he sensed that the number and type of investor prepared to invest had broadened over the past 12 months.

 

He said: “One thing I have taken from MIPIM is that it is not only the type of investor but the number of countries from where those investors come which has really expanded over the last year. However, investors are very finely tuned as to the type of investment they want to make and finding their ‘sweet spot’ is what will motivate an investment.”

 

Miles also said that he believed the UK retail market remained a safe haven for international investors but said that there was still a lack of stock available.

 

Last week Henderson announced that assets under management grew to €14.4bn in 2012, with circa €1.7bn transactions completed over 2012. The company had €1.15bn in its current investment pipeline at year end, with €3.45bn in the current development pipeline. Henderson secured €575m of equity in 2012, plus an additional €805m secured via fund extensions.

 

Meanwhile, retail warehousing is the immediate target for fund manager Pradera, which has circa €170m to place over the next few months for its latest fund. Managing director Neil Varnham told RPA that the company was also progressing on a number of other projects, including the possibility of a “significant” European shopping centre deal.

 

The retail park fund is operated in a joint venture with Brockton Capital, created to selectively acquire a portfolio of retail parks throughout the UK. The partnership has jointly committed sufficient equity to enable a gross portfolio value of approximately €285m to be acquired.

 

Varnham said: “We are very open to how we progress with acquisitions, on our own, as joint venture partners or as a segregated mandate. I think what draws investors to us is that we are not a balanced fund, we are all about retail. That means going and seeing retailers week in week out to build relationships and to help understand what they want.”

 

However, Varnham also warned that placing investment was not easy in the current climate. “It is a process of weeding out the interesting deals,” he said. “It is an imperfect market. Some schemes are over-valued and some are under-valued, it’s a question of sorting the wheat from the chaff. Just because something is disproportionately cheaper than it was, that doesn’t mean you should go out and buy it.”

 

Speed has become vital to securing the best trophy real estate assets in Europe and the US, according to Thor Equities CEO Joseph Sitt. The New York-based equity boss said that despite the competition for such properties, decisive and quick action was at the heart of the company’s strategy.

 

“We’re in the business of buying and selling trophy assets and that requires being creative and aggressive during the process,” he said, citing the acquisition of the boutique luxury retail scheme on La Croissette, Cannes as an example of such a deal, where Thor was able to pre-empt the market.

 

Sitt was in Cannes with “a number of properties we are looking to sell, and also at potential acquisitions.” He said that economic growth in emerging markets had helped buoy investment in trophy real estate in the US because of the global nature of the market. “The US has been a beneficiary of the macro-economic situation, I feel that Europe is a little too Euro-centric and hasn’t benefited the same way.”

 

Souce: Retail Property Analyst, March 2013

Retail News

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.

Read whole story

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.

Read whole story

Retail tenants emerge from cyberspace

Many online retailers have recognised the need to create a physical shopping experience for their customers and further market their brands as they grow.

Read whole story

HIGH STREET RESTAURANTS AND COFFEE SHOPS ARE DIVERSIFYING RETAIL PARK F&B OFFER

There are an increasing number of names more associated with the high street now opening in the UK out of town retail warehousing developments according to Colliers’ recent report ‘Heading out of town’

Read whole story

RETAIL SECTOR GROWTH HAS BECOME MORE DIVERSE

Economic trends have been more favourable for the retail sector due to a return of modest but real income growth as well as an improving labour market according to Cushman & Wakefield’s latest report ‘EMEA Retail Investment Trends’.

Read whole story

A strong Q4 takes the 2015 total retail investment in Europe to a record €69 billion.

European retail investment market continued to strengthen in 2015 and proved another record year

Read whole story

First 1 2 3 4 5  ... Last 
Background Photo:
Ragusa: Ibleo Shopping Centre