European retail property fund manager Pradera has incorporated all its retail property management activities under one executive management team led by recently appointed CEO James Bury.
European retail property fund manager Pradera has incorporated all its retail property management activities under one executive management team led by recently appointed CEO James Bury.
The changes bring the UK and European businesses together under one executive team which will also include Simon Cairns, Richard Gore, Eduardo Noguera, Scott Quinn, Alison Rehill, Mark Richardson and Barrie Whight. In his new role, Bury will be supported by managing directors Roberto Limetti and Neil Varnham.
As part of this process, the co-owners of the group, Paul Whight and Colin Campbell, will be stepping back entirely from their current, day-to-day executive roles, remaining as shareholder directors in a non-executive capacity.
In a statement, Pradera said 'the purpose of this move is not only to pass on management of the group to an experienced team of executives, but also to present the combined UK and European operations of the group under a single Pradera-branded fund and asset management company'. 'These changes will benefit the group’s investors and joint venture partners, as well as the retail occupiers of the fifty one assets managed by the company,' it added.
Pradera has grown to over 90 people managing more than EUR 2.2 bn of retail assets in the UK, Continental Europe and Turkey.
As part of the process, Chris Jolly will step back from his group chief executive role and become a non-executive director at shareholder board level along with the current parent board member, Yvonne Beirne and non-executive director Nick Hewson.
