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23 November 2020 Pradera agrees lettings totalling 2,500 sqm for Les Armoiries Shopping Centre in Bry-sur-Marne, France Grand Frais and Action to start trading at Les Armoiries Shopping Centre during the first half of 2021. 17 November 2020 Plus size clothing retailer complements fashion offer at Costaverde Shopping Centre Maqueda starts trading at Costaverde Shopping Centre 12 November 2020 Domoteka wins “Retail Scheme Internet Campaign of the Year” award A golden statuette for Domoteka 10 November 2020 Pradera acquires Spanish grocery portfolio on behalf of new German pension fund client Pradera completes the acquisition of a portfolio of six hypermarket assets in northern Spain on behalf of German pension fund 6 November 2020 Revealing the new Lingotto Shopping Centre in Turin, Italy The new Lingotto Shopping Centre re-opened for trading in a former FIAT car factory following a refurbishment and extension project in excess of €20 million 5 November 2020 Istanbul Cevahir awarded for Alzheimer’s disease marketing awareness campaign Istanbul Cevahir marketing campaign comes second in Felis Marketing Awards

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PRADERA APPOINTS INVESTMENT DIRECTOR AMID NEW STRATEGIC DIRECTION

Pradera, the specialist retail real estate fund and asset manager, has appointed Christina Forrest as Investment Director, as the company continues to strengthen its management team as it embarks on a new strategic direction.

Forrest, who joins from Resolution Real Estate Advisors, will be responsible for sourcing new assets to support the investment needs of the company’s funds, joint ventures and separate account initiatives. She has a wealth of experience acquiring and asset managing retail sites across Europe, including in France, Germany and The Netherlands.

The appointment comes at a time of significant growth for the company. Since April 2015 Pradera has acquired nine assets totalling around €360m including the most recent acquisitions of one retail park in the UK and one shopping centre in Italy on behalf of Tristan Capital Partners for a combined value of over €140 million.

Colin Campbell, Chairman, Pradera commented: “Following the management buyout earlier this year we have focused our attention on growing all areas of the business and the addition of Christina is a real coup. Her knowledge and experience will be invaluable as we continue to seek out opportunities across a number of regions in Europe.

“It’s an exciting time for the company. We’ve just completed a corporate rebrand which better reflects our traditional core values and roots and with a number of deals on the horizon before the year-end the value of our portfolio looks set to increase significantly.”

Overall, Pradera has leased 88,300 sqm of retail space and signed 226 leases in 2015. Occupancy across the company’s retail sites stands at 92 per cent and the portfolio stands at 64 assets spread across eight countries.

Before the year-end the company have provisioned for the acquisition of three additional centres in Germany and Italy.

Pradera celebrated further success earlier this month with its Pradera Central & Eastern Fund (PCEF) being awarded a Global Real Estate Sustainability (GRESB) Green Star, which is accredited to those who have implemented industry-leading environmental management systems and integrated data management systems into the daily running of their centres.

As part of company-wide drive to be an exemplar for sustainability in retail, Pradera improved its overall GRESB results for 2014 by 12 percent and on an overall historic basis it has improved its results by 32 per cent since 2011.

Pradera News

Pradera agrees lettings totalling 2,500 sqm for Les Armoiries Shopping Centre in Bry-sur-Marne, France

Grand Frais and Action to start trading at Les Armoiries Shopping Centre during the first half of 2021.

Read whole story

Plus size clothing retailer complements fashion offer at Costaverde Shopping Centre

Maqueda starts trading at Costaverde Shopping Centre

Read whole story

Domoteka wins “Retail Scheme Internet Campaign of the Year” award

A golden statuette for Domoteka

Read whole story

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

Pradera completes the acquisition of a portfolio of six hypermarket assets in northern Spain on behalf of German pension fund

Read whole story

Revealing the new Lingotto Shopping Centre in Turin, Italy

The new Lingotto Shopping Centre re-opened for trading in a former FIAT car factory following a refurbishment and extension project in excess of €20 million

Read whole story

Istanbul Cevahir awarded for Alzheimer’s disease marketing awareness campaign

Istanbul Cevahir marketing campaign comes second in Felis Marketing Awards

Read whole story

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Background Photo:
Ragusa: Ibleo Shopping Centre