Pradera announces new joint venture and brings platform to the Middle East
Abu Dhabi, UAE

Pradera, the leading retail real estate investment management specialist, is pleased to announce a new joint venture with Vindico, a global retail design and delivery firm.

Pradera Vindico combines Pradera’s retail asset, fund and investment management experience in continental Europe, the UK, Turkey and Asia with Vindico’s expertise as a retail delivery and design consultancy operating across the Middle East and India. Pradera Vindico is headquartered in Dubai and brings Pradera’s platform to the Middle East.

Pradera Vindico has been appointed to provide asset and property management services and leasing to Souq Al Jami, the shopping centre located in Sheikh Zayed Grande Mosque, Abu Dhabi, one of the largest mosques in the world and the biggest in the UAE.

The newly established joint venture will deliver bespoke retail asset, property, leasing, design and project management services in the Middle East region through a holistic, end-to-end approach, uniquely conceived to maximise performance for retail property owners, developers and brands.

Roberto Limetti, Managing Director of Pradera, said: “We’ve been looking at the Middle East for some time and are delighted to have partnered with Vindico to take our tried and trusted approach to retail property into new geographies. We look forward to working with our new JV partners and provide unique solutions to developers, brands and retail assets in the Middle East in the months and years to come.”

Richard Kim, CEO and Managing Director at Vindico, added “The partnership with Pradera has been an evolving one that began in 2020 during a time when the world was facing the challenges brought about by the Covid-19 pandemic. Together we forged a business plan borne with an optimistic vision of how our two businesses can provide unique solutions for clients.”

Image: from left, Paul Mathews, COO, Vindico and Roberto Limetti, Managing Director, Pradera