28 June 2011

Pradera records market leading fund performances

IPD League Tables Underline Benefits of Pradera's Sector Specialisation

Pradera, the specialist retail property fund manager, has recorded strong performances with the Investment Property Databank (IPD) for its four European funds.

The IPD results, which provide performance statistics for property funds investing in Europe throughout 2010, have shown Pradera to be one of the sector's leading fund managers:

• The Pradera European Retail Fund (PERF) and Pradera European Retail Fund 2 (PERF2) were first and second respectively in the IPD shopping centre rankings for Spain (nine funds eligible)
• In addition, PERF was second and PERF2 third out of a total of 39 funds in the overall retail sector rankings for Spain.
• The Pradera Central & Eastern Fund (PCEF) was ranked second out of 27 in the IPD Central & Eastern Europe Universe during 2010

In addition to the IPD results, the Pradera Open-Ended Retail Fund (POERF) was second out of 37 funds in Morningstar's rankings of German open-ended funds during 2010, POERF's first full year of operation.

Colin Campbell, chairman of Pradera Europe, comments: "These excellent performances clearly demonstrate the benefits of sector specialisation, strong local offices, good stock selection and very hard work by our asset managers."

"Pradera is currently raising funds for investment in shopping centres and retail parks in the UK and continental Europe, bringing this market-leading approach to locations with good investment potential"