IFLR1000

Pradera €900 million acquisition of Ikea European retail park portfolio

9/3/2017
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€ 900 million

$ 952.299 million

Announced

9/3/2017

Overview:

  • Commercial real estate investor Pradera has agreed to acquire 25 retail parks across Europe from Ikea Centres, a subsidiary of the Swedish flat-pack designer, for €900 million. 
  • The properties - which collectively represent half of Ikea's network of retail parks in Europe - are located near Ikea stores in the Czech Republic, Denmark, Finland, France, Germany, Poland, Sweden and Switzerland. 
  • The transaction will be the first acquisition made by Pradera's recently established fund, European Retail Parks. 
  • Goldman Sachs is providing acquisition financing to Pradera.
  • The sale of 17 of the retail parks in Germany, France and Poland is expected to close on April 4, 2017. 
  • The sale of the additional eight retail parks in the Czech Republic, Denmark, Finland, Sweden and Switzerland is expected to complete on August 31, 2017. 

Ben Naylor - Regional editor

Jurisdictions:

Denmark
Finland
France
Germany
Luxembourg
Netherlands
Sweden
Switzerland
Czech Republic
Poland

Deal type:

Real estate acquisition

Practice areas:

Private equity
Real estate acquisitions

Industry sectors:

Consumer goods and services
Real estate

Firms:
Accura

Party: Pradera (Acquirer)

Lawyer: Jakob Schou Midtgaard

Castrén & Snellman

Party: Ikea Centres (Seller)

Cederquist

Party: Pradera (Acquirer)

Lawyer: Erika Åslund

CMS

Party: Pradera (Acquirer)

Lawyer: Lukáš Hejduk

De Pardieu Brocas Maffei

Party: Ikea Centres (Seller)

Gleiss Lutz

Party: Pradera (Acquirer)

Lawyers: Burkhard Jäkel, Tim Weber

Hannes Snellman

Party: Pradera (Acquirer)

Lawyers: Heikki Vesikansa, Tapio Teräkivi

Havel & Partners

Party: Ikea Centres (Seller)

Homburger

Party: Ikea Centres (Seller)

Lawyer: Daniel Hasler

Kallan

Party: Ikea Centres (Seller)

Loyens & Loeff

Party: Pradera (Acquirer)

Lawyer: Jurriaan van der Stok

Mannheimer Swartling

Party: Ikea Centres (Seller)

Lawyer: Tomas Johansson

NautaDutilh

Party: Ikea Centres (Seller)

Plesner

Party: Ikea Centres (Seller)

SJL Jimenez Lunz

Party: Pradera (Acquirer)

Stephenson Harwood

Party: Pradera (Acquirer)

Lawyer: Yann Beckers

Walder Wyss

Party: Pradera (Acquirer)

Lawyer: Francis Nordmann

Wardyński & Partners

Party: Ikea Centres (Seller)

Lawyer: Konrad Werner

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