Project Bronze: Sale of the Pradera European Retail Fund 2 Portfolio
An affiliate of MCAP Global Finance (UK) LLP ("MCAP") has completed the acquisition of a portfolio of six shopping centres in Spain and Italy, totalling 90,000 sqm (the “Bronze Portfolio”). Terms of the transaction were not disclosed.
Formerly owned by the Pradera European Retail Fund 2 (the “Fund”), managed by Pradera, the Bronze Portfolio includes Formia: Itaca Shopping Centre, a 23,000 sqm shopping centre fully let and anchored by a Panorama hypermarket, located approximately 90km northwest of Naples; and Viterbo: Tuscia Shopping Centre, a 17,000 sqm shopping centre fully let and anchored by Coop, Italy’s largest supermarket chain, located circa 80km northwest of Rome.
The transaction provided an exit for the Fund’s unitholders. Pradera will continue to serve as asset manager of the Bronze Portfolio on behalf of MCAP.
Accord Europe Limited served as the exclusive financial advisor to the Fund. MCAP was self-advised.
Pradera is a market leading specialist fund and asset manager of shopping centres and retail parks in Europe and Asia. Founded in 1999, Pradera’s portfolio comprises shopping centres and retail parks in the UK, Spain, Italy, Germany, Poland, the Czech Republic, France, Greece, Turkey and China, with more than 2,900 stores. For further information on Pradera, visit: www.pradera.com .
MCAP Global Finance (UK) LLP is a UK subsidiary of New York-based Marathon Asset Management, LP (“Marathon”), a global alternative investment management firm focusing in the corporate, global credit, fixed income and real estate markets. Marathon manages approximately $13 billion in capital and has been actively investing in commercial real estate since 2005. For further information on Marathon, visit: www.marathonfund.com .
ABOUT ACCORD EUROPE LIMITED
With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Europe Limited, its affiliate in the UK, Accord provides investment advisory and arranging services to its clients in Europe. For further information on Accord, visit: www.accord-group.net .
For Pradera press enquiries, please contact:
James Carnegie, +44 207 932 3602; +44 7464 985 079
For Pradera company enquiries, please contact:
David Fletcher, +44 207 539 5461
For Accord company enquiries, please contact:
Paul Jackson, +44 203 598 9704
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
NY-DILIGENT17.10.2018 21:50 | pressemeddelelse
Board Members Serve as the Critical Link to Security and Corporate Governance, Diligent Survey Finds
JPMORGAN-CHASE-BANK17.10.2018 20:15 | pressemeddelelse
JPMorgan Chase Bank Announces Initial Exchange Price for the Cash-Settled Exchangeable Bonds into Dufry Due 2021
TX-MOUSER-ELECTRONICS17.10.2018 17:42 | pressemeddelelse
Mouser Electronics and Grant Imahara Launch New Series All Things IoT about Technology Redefining How We Live
TX-MAVENIR17.10.2018 17:01 | pressemeddelelse
Telefónica Deutschland Selects Mavenir vIMS for Deployment on ‘UNICA’
LENOVO17.10.2018 16:36 | pressemeddelelse
Lenovo and Scale Computing Collaborate to Solve Edge Infrastructure Challenges for Retailers
VA-HILTON17.10.2018 15:26 | pressemeddelelse
As Hilton Nears 100-Year Milestone, New Research Uncovers a World-Changing Impact
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum