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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 NAMES ANDREW PAYNE AS DIRECTOR TO DRIVE FUND EXPANSION

Pradera, the specialist retail fund and asset manager, today confirms the expansion of its senior management team with the appointment of Andrew Payne to the position of Finance Director for the Funds business.

Andrew, an experienced real estate finance executive, will have significant involvement in new business and will be responsible for the oversight of all financial aspects of the Pradera Funds.  They include the Pradera European Retail Fund (PERF), Pradera European Retail Fund 2 (PERF2), Pradera Central and Eastern Fund (PCEF) and Pradera Open-Ended Retail Fund (POERF). 

Andrew is already well-known to Pradera having been key to advising on Pradera’s first fund, PERF, when working with Deloitte Corporate Finance. The qualified Chartered Accountant has over 20 years’ experience working in corporate finance, the last 13 of which have been focussed on the real estate industry.  For the last seven years, he has been based in the Middle East, where he was Head of Real Estate Investment for a local bank, and then as Fund Manager for a $750m German residential and commercial fund.

Prior to moving to the Middle East, Andrew spent 12 years with Deloitte Corporate Finance in London, working in both the due diligence and deal advisory divisions.  He has broad experience of funds, M&A and public/ private fundraising, and set up the dedicated real estate team within the deal advisory division at Deloitte.

Colin Campbell, Pradera’s Chairman, commented: “This year has started very positively, as we build on the momentum created in 2015 and with a significant minority investment by LJ Partnership set to take the company into new segments of the retail property market and over time into new geographies”.

“The appointment of Andrew is another sign of things to come.  His wealth of knowledge and expertise in European funds and further afield, will complement Pradera’s existing senior management and provide the strength and knowledge to ensure Pradera’s business expands significantly over the coming years. We are already exploring a number of new initiatives, including the launch of a new Pradera European Fund.”

In April 2016 Pradera announced a strategic investment by multi-family office LJ Partnership, which agreed to acquire a significant minority interest in Pradera. The transaction has received regulatory approval and is expected to complete shortly.

Earlier this year, the Pradera Open-Ended Retail Fund (POERF) struck a deal with Union Investment to acquire the Äppelallee-Center in Germany, a hybrid retail park/shopping centre in Wiesbaden for EUR 82 million.  At the same time, the fund also celebrated being ranked first over the past five years in the IPD / BVI German Spezialfonds Performance Index. The fund topped the IPD / BVI German Quarterly Spezialfonds Index (SFIX Europa), which comprises 53 funds with a total net asset value of EUR 20 billion.

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