Image: Pradera
Ticker

BNP PARIBAS REAL ESTATE APPOINTED BY PRADERA TO MANAGE 25 EUROPEAN RETAIL PARKS AND SHOPPING CENTRES

BNP Paribas Real Estate has been selected to provide property management services in eight countries on behalf of Pradera.

BNP Paribas Real Estate will take over the property management of 25 properties, let to retailers including IKEA, along with other major national and international brands. Pradera will act as asset manager.

The mandate increases BNP Paribas Real Estate’s managed portfolio of 38 million sqm by more than 540,000 sqm, and provides further evidence of the strength of BNP Paribas Real Estate’s international network.

As of 5 April, the property management business line of BNP Paribas Real Estate will be providing complex property management services for:

  • 10 retail parks in Germany (Mannheim Hamburg – Moorfleet Oldenburg ULM, Hofheim-Wallau, Wurzburg, Koblenz, Cologne – Butzweiler, Cologne – Godorf and Dortmund)
  • Four retail parks in Poland (two retail parks in Warsaw, one in Katowice and one in Poznań)
  • One retail park and two shopping centers in France (Avignon, Bry-sur-Marne and Thillois/Reims)

The agreement was concluded with the leading specialist retail property fund and asset manager Pradera, which in early March acquired 25 IKEA Centres located in eight European countries.

“It’s a great opportunity to work on medium-long term strategic and cross-border challenges with an expert in retail investment like Pradera. We are very motivated and well prepared to bring our best practices to this project in order to enhance the value of the portfolio,” comments Csongor Csukas, Executive Director International Property Management

Roberto Limetti, Managing Director, Head of European Property at Pradera, said: “We are delighted to have completed the first phase of this landmark deal, which builds on our 17-year track record of success in managing retail investments across Europe. Having done so, we are pleased to bring in BNP Paribas Real Estate to provide property management services on this portfolio.”

Follow ACROSS

Download

fb-art 150

Share this article
Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

People in move

Recruitments, promotions and appointments...

SIGNA joins united nations global compact

SIGNA Prime and SIGNA Development are becoming participants of the UNGC. +++ Commitment to the UNGC’s model of sustainable development and ten universal principles.

St David’s Cardiff signs BoConcept as post-lockdown deals continue

The St David’s Partnership, owners of St David’s Cardiff, has announced the signing of Danish premium lifestyle and furniture brand BoConcept, with the brand set to launch a UK debut store concept in early 2021.

Denis Sokolov appointed as Chair of ULI Russia

The Urban Land Institute (ULI) has announced the appointment of Denis Sokolov, Partner and Head of Research and Insight at Cushman & Wakefield, as Chair of ULI Russia – one of 14 European National Councils.

Ingka Group: Robust performance and accelerated investments in omnichannel and sustainability

Ingka Group reported a total revenue figure of EUR 37.4 billion (EUR 39.2 billion FY19) for FY20i across its three business areas (IKEA Retail, Ingka Investments and Ingka Centres), despite the challenges presented by the COVID-19 pandemic. The company remains guided by its commitments to people and planet and has continued to accelerate investments in online and sustainability – and to make strides on its transformation journey.

Tbilisi Outlet Village development officially launched – the first outlet at the crossroads of Europe & Asia

Tbilisi Outlet Village, a 20,000 square metre GLA development near the capital of Georgia, is developed by Georgian Outlets & Resort Group in close collaboration with TORG The Outlet Resource Group.