Pradera Management Italy announces new exclusive mandate for Italian portfolio
Milan, Italy

Pradera is delighted to announce that Pradera Management Italy S.r.l. (‘PMI’) has been appointed by Savills Investment Management SGR SPA, acting on behalf of Fondo Gator and Fondo Panther, as property manager, exclusive leasing agent and retail strategic advisor for Le Isole Shopping Centre in Gravellona Toce, Buonvento Shopping Centre in Benevento and Brinpark Retail Park in Brindisi, Italy.

Le Isole Shopping Centre, a 20,914 sqm shopping centre first opened in 2006, is anchored by an Ipercoop hypermarket and hosts 56 units, currently occupied by top-tier retailers namely OVS, Tezenis, McDonald’s and Bata.  Buonvento Shopping Centre spans 17,940 sqm with 46 stores; it opened in 2005 and is anchored by a Conad Superstore. MediaWorld, Piazza Italia, Bata Super Store and Tezenis are amongst the main occupiers.   Brinpark is a 17,220 sqm retail park with an established retail offer including MediaWorld, Cisalfa Intersport, Happy Casa, McDonald’s and Globo.

Roberto Limetti, Managing Director of Pradera and Chairman of PMI says: “We are thrilled that Savills Investment Management have chosen PMI as their retail asset manager and advisor, and we look forward to working with their talented and experienced fund management team. We are confident that we will bring added value to the three assets, leveraging on our 20+ year expertise and successful track record in the Italian retail real estate sector. This appointment confirms the Pradera Group’s commitment to the Italian market and also strengthens our relationship with one of the most respected fund managers, Savills IM.”

With the addition of these three assets, Pradera brings its Italian portfolio under management to 20 centres, confirming its leading role in the retail real estate asset management sector.