Thursday, 11 May, 2017

Vistra Assists Pradera in the First Closing of the Pradera European Retail Parks Fund

Vistra is proud to have assisted Pradera in the first closing of the Pradera European Retail Parks SCSp, a Luxembourg Reserved Alternative Investment Fund (“RAIF”). In a €900 million transaction agreed with IKEA Centres, the fund has signed a contract to acquire 25 prime retail parks next to IKEA stores in eight European countries. The portfolio comprises around 500 units with a GLA of around 538,000 sqm. The first acquisitions of the fund for 17 assets in Germany, France and Poland were completed on 4 April, with a further 8 retail parks in Sweden, Finland, Denmark, the Czech Republic and Switzerland due to complete on 31 August 2017.

Vistra Luxembourg has been appointed to handle the operations which will include the depositary, fund administration and AIFM services for this Luxembourg RAIF.

 

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