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Pradera Limited
Jubilee House
197-213 Oxford Street
London W1D 2LF
England
Tel: +44 20 7539 5432
Luxembourg
Pradera European Retail Parks TopCo S.à r.l.
14, rue Edward Steichen
L-2540 Luxembourg
Tel: +352 2484 0166
Madrid
Pradera Management Spain SLU
Edificio Regus C/Pinar 5
28006 Madrid
Spain
Tel: +34 91 512 0224
Fax: +34 91 512 0280
Milan
Pradera Management Italy S.r.l.
Piazza Cavour 2
20121 Milano
Italy
Tel: +39 02 3657 8400
Fax: +39 02 3657 8438
Istanbul
Pradera Gayrimenkul Yönetimi
Akmerkez Residence, Kültür Mah.
Ahmet Adnan Saygun Cd. No:3, Daire 2A2,
Beşiktaş/İstanbul
Turkey
Tel: +90 212 350 90 71
Fax: +90 212 351 40 49
Prague
Pradera Management Czech Republic s.r.o.
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 725 537 170

Republic CZ I Parks Holdco s.r.o.
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 224 423 333
Warsaw
Pradera Management Poland sp. o.o.
Homepark Targówek
Domoteka, 1st floor
Malborska 41 str.
03-286 Warsaw
Poland
Tel: +48 22 292 2820
Munich
Pradera Management Germany GmbH
c/o Mindspace, Viktualienmarkt 8
D-80331 Munich
Germany
Tel: +49 892 109 4393
Paris
Pradera Management France SAS
35 avenue Franklin D. Roosevelt
75008 Paris
France
Tel: +33 6 82 31 16 90
Hong Kong
Pradera Hong Kong Limited 1202
Ruttonjee House
11 Duddell Street
Central
Hong Kong
Tel: +852 3107 3820
Shanghai
Pradera Retail Asia
Level 5
Unit 502
No. 353 Nanjing East Road
Huangpu District
Shanghai 200001
China
Tel: +86 21 6029 3599
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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.

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Background Photo:
Ragusa: Ibleo Shopping Centre