PARETO, the retail property investment group owned by the Government Employees Pension Fund (GEPF) is doing a debt-to-equity deal with Netherlands-based Atterbury Europe Holdings that will leave Pareto with direct stakes in the Mall of Cyprus and Mall of Engomi. Atterbury Europe Holding was established in 2014 out of Atterbury Property South Africa, and it has a 30-year record of developing and managing retail and commercial assets in Europe, with success in developing shopping centres and offices in Cyprus, Serbia and Romania over the past decade.
Pareto has an iconic portfolio of shopping centres across South Africa, and mixed-use developments, including Menlyn Park, Sandton City, Cresta, Pavilion, Tyger Valley Mimosa and Southgate shopping centres as well as Westgate. Atterbury Europe, through a subsidiary Atterbury Cyprus, made its first landmark investment…