European retail fund and asset manager Pradera has confirmed the expansion of its senior management team with the appointment of Andrew Payne to the position of finance director for the Funds business.
Payne, an experienced real estate finance executive, will have significant involvement in new business and will be responsible for the oversight of all financial aspects of the Pradera Funds. They include the Pradera European Retail Fund (PERF), Pradera European Retail Fund 2 (PERF2), Pradera Central and Eastern Fund (PCEF) and Pradera Open-Ended Retail Fund (POERF).
He is already well-known to Pradera having been key to advising on Pradera’s first fund, PERF, when working with Deloitte Corporate Finance. The qualified Chartered Accountant has over 20 years’ experience working in corporate finance, the last 13 of which have been focussed on the real estate industry. For the last seven years, he has been based in the Middle East, where he was head of real estate investment for a local bank, and then as fund manager for a $750 mln German residential and commercial fund.
Prior to moving to the Middle East, he spent 12 years with Deloitte Corporate Finance in London, working in both the due diligence and deal advisory divisions. He has broad experience of funds, M&A and public/ private fundraising, and set up the dedicated real estate team within the deal advisory division at Deloitte.
