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26 January 2021 Pradera signs 523 new leases and lease renewals in 2020 Despite a challenging retail environment and extensive lockdowns resulting from Covid-19, Pradera signed 523 new lettings and lease renewals on 235,000 sqm GLA in the 12 months to 31 December 2020. 25 January 2021 Pradera Italy is looking for an Accountant to join its Property Administration Services team We are currently recruiting an Accountant to join our Property Administration Services team in Milan, Italy. 21 January 2021 Pradera pilots Coniq customer loyalty scheme Pradera has invested in IQ Connect, a location-based loyalty solution developed by Coniq. 19 January 2021 Pradera Spain appointed asset manager of retail park in Malaga New York-based Marathon Asset Management appoints Pradera as Asset Manager for Spanish retail park. 18 January 2021 Domoteka kicks off 2021 with the opening of a new showroom Rolf Benz opens first ever showroom in Poland 12 January 2021 Pradera agrees new lettings for VILLAGE Shopping & More, Athens A new department store and F&B operator for Athens' popular retail and leisure destination

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Pradera acquires Spanish grocery portfolio on behalf of new German pension fund client

Tuesday 10th November 2020

Pradera, one of Europe’s leading specialist retail property fund and asset managers with €3.1bn AUM, has today announced that it has completed the acquisition of a portfolio of six hypermarket assets in northern Spain on behalf of German pension fund Nordrheinische Ärzteversorgung (NAEV), whose real estate fund is administered by Universal-Investment Luxembourg.

The portfolio of assets is located in the Basque Country and Navarra and consists of six  individual hypermarkets totalling 56,158 sq m let on long leases to the Eroski Group acquired at a price close to €130m. Pradera advised on the acquisition and has been retained by Universal to manage the portfolio under a long-term asset and property management contract.

Peter Davies, Fund Director at Pradera, explained that the transaction was complementary to  the existing portfolio of retail assets currently managed by Pradera: ‘The projected extremely long income stream secured against the covenant of the dominant grocery operator in this region of Spain was from the outset one of the most attractive reasons for acquiring this portfolio. We have been looking at the long income market for some time and thought the acquisition of this portfolio perfectly demonstrated the key characteristics of such a strategy. We will certainly be looking at more portfolios in this sector.’  

Colin Campbell, Chairman of Pradera, commented: ‘The acquisition of this portfolio on behalf of a new client, Nordrheinische Ärzteversorgung, demonstrates Pradera’s ability to source and close off-market transactions of the highest quality in the most testing of market conditions in a part of the retail property sector in which we have huge confidence.’

Pradera News

Pradera signs 523 new leases and lease renewals in 2020

Despite a challenging retail environment and extensive lockdowns resulting from Covid-19, Pradera signed 523 new lettings and lease renewals on 235,000 sqm GLA in the 12 months to 31 December 2020.

Read whole story

Pradera Italy is looking for an Accountant to join its Property Administration Services team

We are currently recruiting an Accountant to join our Property Administration Services team in Milan, Italy.

Read whole story

Pradera pilots Coniq customer loyalty scheme

Pradera has invested in IQ Connect, a location-based loyalty solution developed by Coniq.

Read whole story

Pradera Spain appointed asset manager of retail park in Malaga

New York-based Marathon Asset Management appoints Pradera as Asset Manager for Spanish retail park.

Read whole story

Domoteka kicks off 2021 with the opening of a new showroom

Rolf Benz opens first ever showroom in Poland

Read whole story

Pradera agrees new lettings for VILLAGE Shopping & More, Athens

A new department store and F&B operator for Athens' popular retail and leisure destination

Read whole story

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Ragusa: Ibleo Shopping Centre