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PRADERA ANNOUNCES JOINT VENTURE TO PROVIDE ASSET MANAGEMENT SERVICES IN ASIA

Pradera, one of Europe’s leading specialist retail fund and asset managers today announced a joint venture (JV) with Macquarie Retail Real Estate Management Limited, a subsidiary of Macquarie Infrastructure and Real Assets (Hong Kong) Limited (MIRA), which will provide asset management services in Asia.  Pradera Retail Asia will be headquartered in Hong Kong and brings Pradera’s platform to Asia. 

Pradera Retail Asia will initially provide management services to three retail properties located in China (Shanghai, Qingdao and Xi’an) which are owned by MIRA-managed companies. MIRA will continue to be the portfolio manager and provide strategic asset management to all MIRA-managed assets.

David Fletcher, Managing Director of Pradera, said: “This joint venture reflects our long-held ambition to take our tried and trusted approach in the retail property market into new geographies. We’re excited to share our know-how with MIRA and look forward to driving growth for our clients.”

Pradera Chairman Colin Campbell added: “We’ve been looking to Asia for some time and readying ourselves for the right opportunity. The joint venture with MIRA makes perfect sense. We share a common focus in retail investment and property and asset management but also have complementary strengths and expertise.”

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