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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Pradera
  • Management
  • Real Estate Managers
  • March 4, 2015
  • $2.6 Billion

Seller Details

Pradera is a market leading specialist fund and asset manager of shopping centres, retail parks and outlet malls in the UK and Europe.  Founded in 1999, Pradera’s €2.4 billion portfolio comprises 60 shopping centres and retail parks in the UK, Spain, Italy, Greece, Germany, Poland, the Czech Republic and Turkey, accommodating more than 2,000 tenants.  

Pradera manages a number of retail-focused funds, including the Pradera European Retail Fund (‘PERF’), the Pradera European Retail Fund 2 (‘PERF2’), the Pradera Open-Ended Retail Fund (‘POERF’) and the Pradera Central & Eastern Fund (’PCEF’).  It also actively manages assets through a number of key joint ventures and separate account mandates with private investment groups and sovereign wealth funds.

Pradera has eight offices across Europe (London, Luxembourg, Madrid, Milan, Athens, Istanbul, Prague and Warsaw), staffed with around 70 people. Pradera today has more than 60 institutional investor clients (family offices, insurance companies, pension funds and sovereign wealth funds from 13 countries in Europe and the Middle East).

Buyer Details

Co-founder, Colin Campbell, who already owns 40% of Pradera’s holding company, Kuno, has purchased business partner Paul Whight’s 60% stake for an undisclosed sum.  The current Pradera management team is fully supportive of the transaction, which will see Colin Campbell re-appointed Chairman.  The management team will be further strengthened by the appointment of shareholder and former Director, David Fletcher, as a fourth Managing Director alongside Alison Rehill, Neil Varnham and Roberto Limetti.  Simone Asser, another shareholder and the Finance Director of Pradera from 2001-2010, will re-join the senior team as a Non-Executive Director and corporate finance advisor.

Transaction Summary

Pradera, one of Europe’s leading specialist retail property fund and asset managers, has today announced that it has agreed a deal that will see it remain an independent investment manager. Co-founder, Colin Campbell, who already owns 40% of Pradera’s holding company, Kuno, has purchased business partner Paul Whight’s 60% stake for an undisclosed sum.  The sale allows the business to retain the Pradera name and independent management following speculation in 2014 of a sale to a third party.
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