Vindico Retail and Pradera announce joint venture in the Middle East

Vindico Retail has launched a joint venture with Pradera, a retail real estate asset management specialist active in the UK, continental Europe and Turkey.

Headquartered in Dubai, Pradera Vindico combines Pradera's retail asset, fund and investment management experience with Vindico's work for brands and developers, across both new developments and mature retail assets.

Richard Kim, CEO and Managing Director, says the partnership evolved from 2020, when both businesses were facing a pandemic-subdued retail market, and that the two built a business plan around how they could serve clients together.

We are delighted to have partnered up with Vindico and look forward to working with them on developing and delivering unique solutions to developers, brands, retail properties, and customers in the Middle East in the months and years to come.
Colin Campbell, Chairman, Pradera

The agreement was signed by Paul Mathews, Chief Operating Officer of Vindico, and Roberto Limetti, Managing Director of Pradera.

Editorial note: the Pradera Vindico joint venture has since concluded. This item is retained as a record of the period in which it operated.