PRADERA COMPLETES FIRST ACQUISITIONS FOR PRADERA EUROPEAN RETAIL PARKS FUND IN EUR 900 MILLION DEAL WITH IKEA CENTRES

The first acquisitions of the Fund are 17 assets in Germany, France and Poland. A further eight retail parks in Sweden, Finland, Denmark, the Czech Republic and Switzerland are due to complete on August 31, 2017.

David Fletcher, Chief Executive of Pradera, said: “We are delighted to complete the first phase of this landmark deal. It builds on our 17 year track record of success in managing retail investments across Europe through our firmly established asset management platforms to unlock value across our expanding portfolio.”

Pradera completed the deal with equity investment from clients of LJ Partnership, the private wealth partnership, which took a significant minority stake in the business in May 2016. JLL acted for Pradera.

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