Bringing retail to life.

Latest News

17 June 2021 Padel tennis courts complement the leisure offer at VILLAGE Shopping & More in Athens, Greece New padel tennis courts opened to the public at the popular retail and leisure destination VILLAGE Shopping & More last week 15 June 2021 Sports Direct’s new elevated design concept is unveiled at White Lion Retail Park in Dunstable, UK A vibrant, modern identity for the sporting good retailer 14 June 2021 Fashion accessories store complements retail offer at Le Due Valli Shopping Centre, Pinerolo, Italy Jewelry, fashion accessories and smart leather goods at affordable prices 10 June 2021 Piante, Fiori e Trullallero: colourful flower shop opens at Sedici Pini Shopping Centre, Pomezia Italy A charming flower shop conveniently located on the ground floor 10 June 2021 Another successful third-party leisure consultancy mandate for Pradera LEGOLAND Discovery Centre to open at Docks Bruxsel in Summer 2022 7 June 2021 A one-stop-shop for baby and toddler clothing and accessories at Istanbul Cevahir e-bebek opens at Istanbul Cevahir

More News


Home News & Media Pradera News

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

Padel tennis courts complement the leisure offer at VILLAGE Shopping & More in Athens, Greece

New padel tennis courts opened to the public at the popular retail and leisure destination VILLAGE Shopping & More last week

Read whole story

Sports Direct’s new elevated design concept is unveiled at White Lion Retail Park in Dunstable, UK

A vibrant, modern identity for the sporting good retailer

Read whole story

Fashion accessories store complements retail offer at Le Due Valli Shopping Centre, Pinerolo, Italy

Jewelry, fashion accessories and smart leather goods at affordable prices

Read whole story

Piante, Fiori e Trullallero: colourful flower shop opens at Sedici Pini Shopping Centre, Pomezia Italy

A charming flower shop conveniently located on the ground floor

Read whole story

Another successful third-party leisure consultancy mandate for Pradera

LEGOLAND Discovery Centre to open at Docks Bruxsel in Summer 2022

Read whole story

A one-stop-shop for baby and toddler clothing and accessories at Istanbul Cevahir

e-bebek opens at Istanbul Cevahir

Read whole story

First 1 2 3 4 5  ... Last 
Background Photo:
Ragusa: Ibleo Shopping Centre