Modern Slavery Statement
The Modern Slavery and Human Trafficking Statement
The Modern Slavery Act 2015 requires any commercial organisation in any sector, which supplies goods or services, carries on a business or part of a business in the United Kingdom and is above a specified total turnover to produce and publish an annual slavery and human trafficking statement.
About Pradera
Pradera is an asset and fund management group specialising in shopping centres and retail parks in the UK and Continental Europe.
Our primary focus is on providing first class asset and fund management services to our fund investors and separate account clients. In addition, we provide development management, leasing, rent collection, debt, financial management and accounting services in connection with the shopping centres and retail parks owned by our funds and separate account clients.
Pradera does not operate in the countries identified in the 2025 Global Slavery Index as having a higher prevalence of modern slavery in their populations.
Our Approach and Commitment
Modern slavery is a crime and a violation of fundamental human rights. All types of modern slavery have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain. We fully support the principles of UN Global Compact, the UN Declaration of Human Rights, and the International Labour Organization’s (ILO) Core Conventions.
Pradera is committed to acting ethically and with integrity in all our business dealings and relationships and to ensure modern slavery is not taking place anywhere in our own business, or in any of our supply chains.
We are also committed to ensuring there is transparency in our own business and in our approach to tackling modern slavery throughout our business relationships, consistent with our disclosure obligations under the UK Modern Slavery Act 2015.
As part of this process, we continually review our supply chain to identify and assess potential risk areas and maintain a register detailing the same. Currently we have not identified any areas that pose a higher risk in any of the locations that we provide our services.
We expect high standards from our subcontractors, suppliers and other business partners and require that this is a contractual term in our agreements with significant suppliers wherever possible.
Our Policies in relation to the Modern Slavery Act 2015:
- Code of Conduct
- Ethics policy
- Whistle blowing policy
- Recruitment and selection policy
Group Procurement Approach
Pradera’s approach to managing the process of procuring goods or services adheres to the highest standards of good practice when engaging with suppliers of goods and services.
Our Supply Chain
The identification and prevention of modern slavery is critical when making procurement decisions such as appointing suppliers and contractors. Pradera recognises that suppliers operate within different legal and cultural environments however, all our suppliers are expected to comply with all laws and regulations, and we ask suppliers to confirm that they comply with minimum Codes of Conduct as part of our procurement process. This is supported by supplier terms which include a general compliance with laws clause.
We further encourage our suppliers to uphold the same standards as we apply to ourselves, and we seek to partner with suppliers that adopt the same strict standards that we ourselves adhere to. We expect our suppliers to operate fair and ethical workplaces, where workers are treated with dignity and respect, and the highest standards of human rights are upheld.
While the overall risk is considered low in our business, our risk-based approach assesses the likelihood of the existence of Modern Slavery within our supply chain. This enables us to categorise suppliers and identify potential areas to assess for Modern Slavery.
If we become aware of a case of Modern Slavery occurring within our supply chain, we will work with the supplier to implement remedial action. In all cases consideration will be given to the approach that produces the safest outcome for potential victims of Modern Slavery. We expect our suppliers to engage with us constructively and responsibly, and to demonstrate their willingness to remedy issues in a timely manner.
We reserve the right to refuse to partner with suppliers that do not achieve or are unable to demonstrate progress towards the eradication of Modern Slavery within their organisations and supply chains.
Training and Awareness
We provide awareness training to staff on the Modern Slavery Act 2015 and inform them of the appropriate action to take if they suspect a case of slavery or human trafficking
We ensure all staff involved in procurement activity are aware of and follow modern slavery procurement guidance as published by the UK Government.
We adopt procurement strategies and contract terms and conditions that include references to preventing modern slavery and human trafficking.
We will continue to promote wider awareness and understanding of Modern Slavery to our suppliers.
Future Progress
Pradera welcomes the increased focus on transparency and reporting in the context of modern slavery by governments around the world, and our goals for 2026 include adapting to new legislation in the UK and elsewhere.
We will assess the risks of our procurement process and consider any additional measures to ensure that our obligations under the Modern Slavery Act are passed through our supply chain.
We will further review our Vendor Code of Conduct to ensure that our suppliers understand that our expectation is that Modern Slavery must not be present in our supply chain.
Responsibility for the Policy
This statement was approved by Pradera’s ESG Committee for the financial year ending 31 December 2025.