MIPIM: Pramerica plans further value-add joint ventures

Pramerica Real Estate Investors is planning further joint ventures on the value-added side of the spectrum, the company's CEO for Europe Eric Adler told PropertyEU at the MIPIM fair in Cannes. Adler said the joint ventures would be of various types and would target smaller deals of less than EUR 50 mln rather than big ticket deals. 'Big deals are just not happening at the moment. But if you have a number of smaller deals that can add up to big amounts,' he said.

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