The business has established one of the largest retail warehouse park (RWHP) asset management platforms in Europe with assets under management (AUM) of €4.5bn.
The platform was created by combining the properties of Germany’s redos, in which Redevco acquired a majority stake last year, with its existing retail parks, mainly in Belgium. The 180 assets with a total gross lettable area (GLA) of 2.5 million square metres distributed across Germany (60 per cent of GLA), Belgium (38 per cent of GLA) and France (two per cent of GLA) offer great sustainability potential and together form a major contribution to Redevco’s mission to lead the transformation of cities to ensure they are sustainable and liveable.
Herman Jan Faber, Head of Business Development at Redevco said: “Redevco’s creation of one of the largest retail warehouse park asset management platforms in Europe, within the most resilient and best performing retail investment market sub-segment, coincides with what appears to be a bounce-back in retail real estate values after years of pressure from e-commerce competition and more recently the Covid pandemic. Even more noteworthy is that nearly half of our total €9.7bn in assets under management can be transformed to create positive impact and help make cities more sustainable and liveable.”
