18 November 2010
Pradera Europe purchases three shopping centres in Poland for €40 million.
Pradera Europe purchases three shopping centres in Poland for €40 million.
Pradera Europe has agreed the purchase of three shopping centres in Poland from Carpathian Plc for a total consideration of €40.2 million on behalf of its Pradera Open-Ended Retail Fund (POERF). The three shopping centres comprise the Tulipan Centre in Lodz, the Kometa Centre in Torun and the Sosnowiec Centre in Sosnowiec.
All three shopping centres are anchored by Real hypermarkets, which will remain under separate ownership, and contain a mix of convenience, service and mid-range retail stores. The three shopping centres all benefit from stable income streams and opportunities to add value through active asset management, as well as sizeable catchment areas and easy accessibility by both public and private transport.
Colin Campbell, Chairman of Pradera Europe comments: “The first closing of the Pradera Open-Ended Retail Fund last December and acquisitions such as the three shopping centres in Poland clearly demonstrate our capabilities of raising and deploying capital in challenging market conditions. These recent acquisitions are indicative of the type of shopping centres with stable income streams and opportunities to add value that the Fund was established to capitalise on.”
The Pradera Open-Ended Retail Fund (POERF) invests in shopping centres and retail parks across Europe with asset values of between €30 million and €70 million. The Fund is managed by Pradera Europe and is structured as a German KAG. The Fund’s other investments to date include comprise three retail parks in the UK.
CBRE advised Pradera Europe on the acquisition.
Pradera News
04 March 2021
Pradera appoints Civil Engineer to the role of Technical Asset Manager
Barbara Armanelli joins Pradera Italy
Read whole story
04 March 2021
Pradera agrees lease renewal with French retailer for a further 12 years
Truffaut extends lease at Les Armoiries Shopping Centre, Bry-sur-Marne, for 12 years.
Read whole story
01 March 2021
A new fashion retailer for Istanbul Cevahir
ltınyıldız Classics starts trading at Istanbul Cevahir
Read whole story
25 February 2021
Domoteka releases additional dates for “Domodesign” due to popular demand
Interior design-focussed webinars and workshops are back at Domoteka
Read whole story
22 February 2021
Homepark Janki welcomes four new tenants in February 2021
Bike Moto, DEKO Meble, Bafra Kebab and Ramen Duck open at Homepark Janki
Read whole story
11 February 2021
A bathroom specialist for Homepark Franowo, Poznań, Poland
Jeta starts trading at Homepark Franowo
Read whole story