Property news - KP invests in Pradera

KP, Denmark's fourth-biggest institutional investor, has committed EUR15 million (£10 million) to the Pradera European Retail Fund, managed by Henderson Global Investors. The Pradera fund owns EUR250 million (£175 million) of out-of-town property in Spain, Italy and Greece. Cushman & Wakefield Healey & Baker Finance advised KP, and director Paul Richards expects to see more investors adopting this approach. He said: 'We believe that the indirect route will grow as a means of diversifying across sectors and countries, and gaining access to expert management.'