Stephenson Harwood LLP has advised Pradera Ltd on the purchase of three retail parks in France. The sites are part of a portfolio of 25 Ikea retail parks across Europe acquired by Pradera, valued at €900million.

The retail parks, situated next to Ikea stores, comprise circa 500 units and cover approximately 538,000 square metres.

“We were pleased to advise new client Pradera on such a strategically significant deal, and their first in France,” said Pierre-Nicolas Sanzey, partner, Stephenson Harwood. “Drawing on the expertise of colleagues across our real estate, finance and corporate practices, this deal illustrates our ability to advise on significant and complex mandates.”

The Stephenson Harwood team was led by Paris real estate partner Pierre-Nicolas Sanzey, who was supported by finance partner Yann Beckers and corporate partner Patrick Mousset, as well as corporate associate Alicia Tonelli, real estate associate Maxime Léoni and finance associate Damone Yahyaei.