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Pradera seeds retail parks fund with €900m IKEA portfolio buy

Pradera, the European specialist retail property fund and asset manager, has announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund and agreed to buy 25 prime retail parks next to IKEA stores in eight European countries from IKIEA Centres for €900m.
CoStar News
March 8, 2017 | 1:19 P.M.

Pradera was able to complete the deal with equity investment from LJ Partnership, the private wealth partnership, which took a significant minority stake in the business in May 2016.

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News | Pradera seeds retail parks fund with €900m IKEA portfolio buy