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Pradera appoints advisers for sale plan

Fund manager Pradera is looking at options which could include a sale of the business.

It has appointed M&A advisory firm, Berkshire Capital, to look at finding a buyer or strategic investment in the business.

Paul Whight remains the controlling shareholder in the company, which began life as Pradera-AM, to act as a specialist management company for European retail property funds.

The company, now led by chief executive James Bury, currently has €2bn (£1.7bn) under management across four discretionary funds investing in shopping centres and retail warehouses.

Pradera also manages assets for segregated mandates and invests alongside partners on a joint venture basis.

All parties declined to comment.

Bridget.O’Connell@estatesgazette.com

 

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