Shopping centre and retail park fund investment and asset management specialist Pradera Lateral has announced the appointment of Russell Loveland as Director of UK Asset Management. Russell joins from Landsec and will commence his new role in late summer.
With over twenty-five years’ experience in retail property, Russell brings a wealth of experience from his previous role as Senior Portfolio Director at Landsec where he oversaw the company’s shopping centre, retail parks and leisure portfolio, including Westgate, Oxford and St David’s, Cardiff. Prior to this, Russell was a Senior Asset Manager at Lend Lease where he was responsible for the asset management of Bluewater, one of the UK’s leading regional shopping centres.
Pradera and its UK joint venture, Pradera Lateral, currently manage a retail property portfolio of more than £2.7 billion, comprising 54 assets across Europe and the UK, including large shopping centres and retail parks in nine different countries. Pradera Lateral is headquartered in London with a second office in Manchester.
Russell Loveland, Director of UK Asset Management at Pradera Lateral, commented, “I am excited to be joining Pradera Lateral during a period of growth for the business. Pradera Lateral has already made significant achievements since taking over the management of the Trafford Centre last year and I look forward to working with a dynamic team as we deliver further change to premium shopping and leisure destinations.”
Rhys Evans, Managing Director of Asset Management at Pradera Lateral, commented, “We are delighted to welcome Russell to the Pradera Lateral team. He joins us at an exciting time for the business as we continue to expand our UK portfolio. Our first year in-situ at Trafford has already proven very successful, with more exciting announcements coming soon, and Russell’s depth of experience will further bolster our presence in the UK market.”