Republic

The transaction presented a rare opportunity for an incoming buyer to gain exposure to a platform
and an instant footprint across Europe’s key markets. The properties were well located, all neighboured by an IKEA Retail store, and in close proximity to major transport nodes providing excellent connectivity.

JLL coordinated a multi-country buyside transaction process, with local in country experts working seamlessly with the ERCM Team to ensure our client was able to execute the transaction. There were many complexities during the process, during which we sought always to find a solution for our client, striving to demonstrate our dedication and professionalism at each stage of the deal. We aligned ourselves early with a party and remained committed to that group throughout the process, despite multiple approaches throughout the process.

The deal was completed in two stages, with the cumulative volume representing one of the largest retail transactions for 2017.

"JLL provided a comprehensive underwrite of the Republic Portfolio acquired by Pradera from IKEA Centres in 2017. They skilfully coordinated advice and support in this highly complex process and the seamless collaboration between JLL's country and central teams was a determining factor in the success of this acquisition. This is a great example of a strong long-term relationship coupled with market leading execution capability."

David Fletcher, CEO Pradera