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23 May 2018 Mosaic Shanghai welcomes Fila's largest flagship store in Greater China Retail asset management specialist Pradera Retail Asia, the asset manager of Mosaic Shanghai, announced today that international sportswear brand FILA has relaunched its flagship store at Mosaic Shanghai. 13 March 2018 Mosaic Qingdao Welcomes Opening of the First Eartharbor Store in Qingdao Eartharbor, which innovatively combines boutique supermarket, specialty restaurants and IP concept, joins an expanding list of retailers merging online and offline experiences as people shift to quality-oriented purchases and experience-based consumption. 6 February 2018 Pradera Retail Asia to welcome Asia’s first Dungeon attraction to Mosaic Shanghai Retail asset management specialist Pradera Retail Asia, the asset manager of Mosaic Shanghai, delivers a warm welcome for the introduction of The Shanghai Dungeon at Mosaic Shanghai. A groundbreaking ceremony was held today, marking the first public debut of the ‘Dungeon’ attraction in Asia.

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Meydan Sokak. Mermerler Sitesi
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Turkey
Tel: +90 212 350 90 71
Fax: +90 212 351 40 49
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Pradera Management Czech Republic
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 224 423 331
Fax: +420 224 423 333
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Pradera Management Poland sp. o.o.
Homepark Targówek
Domoteka, 1st floor
Malborska 41 str.
03-286 Warsaw
Poland
Tel: +48 22 222 15 15
Munich
Pradera Management Germany GmbH
c/o Mindspace, Viktualienmarkt 8
D-80331 Munich
Germany
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 LAUNCHES EUROPEAN RETAIL PARKS FUND IN EUR 900 MILLION DEAL WITH IKEA CENTRES

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has today announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund. In a EUR 900 million transaction agreed with IKEA Centres, the Fund has signed a contract to acquire 25 prime retail parks next to IKEA stores in eight European countries.

Pradera was able to complete the deal with equity investment from LJ Partnership, the private wealth partnership, which took a significant minority stake in the business in May 2016.

The portfolio of retail parks situated next to IKEA stores comprises around 500 units with a GLA of around 538,000 sqm.  Completion on 17 assets located in Germany, France and Poland is expected on 4 April 2017, with a further eight retail parks in Sweden, Finland, Denmark, the Czech Republic and Switzerland due to complete on 31 August.  

David Fletcher, Chief Executive of Pradera, explained that the properties being acquired from IKEA provide an excellent portfolio for the Fund, which has been established to invest in income-producing retail parks across Europe, stating: “As the world’s leading home furnishings retailer, IKEA is a strong anchor in these locations. These parks have been developed and managed by IKEA Centres and are let to major tenants including Media Markt, OBI, Decathlon and Leroy Merlin. They greatly benefit from the drawing power that IKEA stores brings to these locations.”

The new Fund comes at the start of a year in which Pradera looks to expand further, having launched a successful joint venture with Macquarie in Asia last year. Pradera Retail Asia already has over EUR 900 million of assets under management in China.

Colin Campbell, Chairman of Pradera, commented: “The acquisition of this portfolio and the creation of Pradera European Retail Parks SCSp demonstrates the significant synergies between Pradera and LJ Partnership. Pradera was able to source and secure the portfolio, enabling clients and associates of LJ Partnership to participate in an investment they otherwise wouldn’t have had access to.”

Andrew Williams, CEO of LJ Partnership, said: “We are delighted to have backed the acquisition process through our partnership with Pradera. LJ Partnership’s strategy of partnering with best in class managers continues to deliver excellent investment opportunities; execution and management capability and returns profiles.”

Pradera News

Mosaic Shanghai welcomes Fila's largest flagship store in Greater China

Retail asset management specialist Pradera Retail Asia, the asset manager of Mosaic Shanghai, announced today that international sportswear brand FILA has relaunched its flagship store at Mosaic Shanghai.

Read whole story

Mosaic Qingdao Welcomes Opening of the First Eartharbor Store in Qingdao

Eartharbor, which innovatively combines boutique supermarket, specialty restaurants and IP concept, joins an expanding list of retailers merging online and offline experiences as people shift to quality-oriented purchases and experience-based consumption.

Read whole story

Pradera Retail Asia to welcome Asia’s first Dungeon attraction to Mosaic Shanghai

Retail asset management specialist Pradera Retail Asia, the asset manager of Mosaic Shanghai, delivers a warm welcome for the introduction of The Shanghai Dungeon at Mosaic Shanghai. A groundbreaking ceremony was held today, marking the first public debut of the ‘Dungeon’ attraction in Asia.

Read whole story

Mosaic Shanghai Launches M-Square to Create Exciting New Landmark

Global retail asset management specialist Pradera Retail Asia, the asset manager of Mosaic Shanghai, has announced today the opening of M-Square at Mosaic Shanghai, with a ceremony attended by senior executives from Pradera Retail Asia and Mosaic Shanghai, as well as tenant representatives

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PRADERA APPOINTS JOINT HEADS OF TURKEY OFFICE

Pradera, the specialist international retail real estate fund and asset manager, has appointed Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office.

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PRADERA FUNDS AWARDED GREEN STAR FOR GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK

Pradera, the specialist international retail real estate fund and asset manager, has again demonstrated it is setting the standard for sustainable retail real estate, having significantly improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2017 across three of its funds.

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Ragusa: Ibleo Shopping Centre