SAN FRANCISCO–(BUSINESS WIRE)–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:
Carnegie, +44 207 932 3602; +44 7464 985 079
Pradera company enquiries, please contact:
Fletcher, +44 207 539 5461
Accord company enquiries, please contact:
Jackson, +44 203 598 9704