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

GfK study: European retail in 2020 and 2021

Probably almost everyone in Europe would like to see a return to normality, to where we have achieved herd immunity, infection numbers are controlled, and coronavirus-related restrictions are lifted. Whenever we reach that normality, it will still be a new kind of normal. The coronavirus pandemic will permanently change the way we work, live, and consume – and retailers will also have to find their way in the new world after the acute shock of 2020 and 2021.

Nine new brands have arrived in the Czech market this year to date, Primark being the most prominent of them

Nine new retail brands have come or will come to the Czech Republic within the first six months of this year.

GRAI treading water – pandemic (still) stops recovery in retail markets

Global Retail Attractiveness Index remains weak in Europe. Poland, Germany and Ireland are new top trio in index. UK the only market to see an increase.

Waitrose appoints new Retail Director

The John Lewis Partnership announced that Tina Mitchell will join Waitrose as Retail Director.

Anette Simpson Appointed as Chair of ULI United Kingdom

The Urban Land Institute (ULI) has announced the appointment of Anette Simpson, director of development and partnerships, Legal & General Affordable Homes, as chair of ULI United Kingdom (ULI UK). She succeeds Vanessa Hale, director of research, BNP Paribas Real Estate, and will officially begin her voluntary two-year term on 1 July 2021.

Sonae Sierra avoided costs of €15 million in 2020 by implementing eco-efficiency measures

The Company has reduced its CO2 emissions by 84% since 2005 and electricity consumption by 66% since 2002.