An appetite that comes with the eating

Retail & leisure
In March, Pradera European Retail Parks, which is headquartered in Luxembourg, completed the purchase of 17 retail properties from Ikea in Germany, France and Poland as part of a deal worth EUR 900 mln. Under the deal, Pradera is also expected to buy eight parks in Sweden, Finland, Denmark and Switzerland by the end of August 2017. We discussed the impact of the transaction on the company’s operations and its plans with Agata Brzezińska, the director of Pradera Central and Eastern Europe
Anna Pakulniewicz, ‘Eurobuild CEE’: So, now we can finally talk about the transaction you tantalisingly hinted at during our conversation at the Mapic fair in Cannes last November. Agata Brzezińska, Central and Eastern Europe director, Pradera: Yes, finally there is something to talk about. The acquisition of 25 retail facilities for EUR 900 mln in eight European countries is the consequence of Pradera’s strategic activities. It allows Pradera to carry out its strategy of geographic diversification. After the second tranche of the deal is transacted, the value of the facilities managed by Pradera will increase by 33 pct. I am personally pleased that Polish properties make up such a large part of this transaction. Pradera has bought four parks here. In terms of retail space they constitute almost 30 pct of the entire portfolio acquired. What about the Ikea stores that form an integral part of the retail parks you have bought? The situation is clear. The transaction
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