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PRADERA AND LJ PARTNERSHIP CONCLUDE STRATEGIC INVESTMENT

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has concluded a deal that sees multi-family office LJ Partnership acquire a significant minority interest in Pradera for an undisclosed sum. Pradera’s other shareholders include the current senior management team.

The current Pradera management team is fully supportive of the transaction and retains full control of business strategy and day to day running of the business. Following completion of the deal, the Pradera board has been further strengthened by the appointment of two senior directors from LJ Partnership: Jonathan Elkington and Simon Berrill.

Paul Whight, who sold his controlling stake in Pradera to the Colin Campbell Family Trust in April 2015, has now resigned from the position of Non-Executive Director of Pradera.

Welcoming the investment, Managing Director David Fletcher said:  “This significant investment marks the beginning of another exciting phase for Pradera that should take the company into new segments of the retail market and over time into new geographies.  It should help drive growth and allow us to further improve our service to clients and investors alike.”

“With LJ Partnership’s largest shareholders being family offices/businesses from Hong Kong and Latin America, there is real potential for growth in regions previously untapped by Pradera.  This will take the business into the family office market, supplementing, but not competing with, our historic strong institutional client base.”

Chairman Colin Campbell said: “This investment by LJ Partnership brings a long-term strategic partner with a commitment to helping us grow the business.  It demonstrates strong faith in Pradera’s management team, its current strategy and its growth potential.  LJ Partnership has an excellent track record of investing in real estate and real estate management platforms and we look forward to working with them closely in the future.”

Andrew Williams, CEO of LJ Partnership, said:  “We are delighted to announce this strategic investment in Pradera.  We share a common focus and strong track record in real estate management and investment but also have different strengths in terms of geographical reach and the capital that we manage.  This collaboration comes at a time that LJ Partnership is enjoying rapid growth.  It will broaden and deepen our European platform, enhancing our local presence in major European markets and enable us to bring a broader range of investment opportunities to the select group of individuals and families that we represent.”

Pradera News

Pradera appoints Civil Engineer to the role of Technical Asset Manager

Barbara Armanelli joins Pradera Italy

Read whole story

Pradera agrees lease renewal with French retailer for a further 12 years

Truffaut extends lease at Les Armoiries Shopping Centre, Bry-sur-Marne, for 12 years.

Read whole story

A new fashion retailer for Istanbul Cevahir

ltınyıldız Classics starts trading at Istanbul Cevahir

Read whole story

Domoteka releases additional dates for “Domodesign” due to popular demand

Interior design-focussed webinars and workshops are back at Domoteka

Read whole story

Homepark Janki welcomes four new tenants in February 2021

Bike Moto, DEKO Meble, Bafra Kebab and Ramen Duck open at Homepark Janki

Read whole story

A bathroom specialist for Homepark Franowo, Poznań, Poland

Jeta starts trading at Homepark Franowo

Read whole story

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Background Photo:
Ragusa: Ibleo Shopping Centre