Redevco, a subsidiary of COFRA Holding, is a European real estate urban regeneration specialist with a clear ambition to create positive impact by helping cities become more sustainable and liveable. With almost 25 years experience and strong financial backing, we deliver specialist investment strategies in urban real estate, focused on opportunities to repurpose to mixed-use, in the segments of living and leisure and hospitality as well as in retail warehouse parks, to generate above-average risk-adjusted returns for clients in selected core mar- ket segments. As a trusted and professional partner, Redevco invests in properties with a view to developing future-proof and vibrant places in dynamic urban locations where people want to live, work and play. Redevco is committed to becoming net zero carbon by 2040.
Its pan-European platform enables Redevco to use its scale to share knowledge and expertise across six country teams, and to establish a solid track record in asset, portfolio, and investment management. Redevco combines local presence, skills, and network with the sup- port of functional experts in the areas of fund management, business development, research, legal and tax, finance and reporting, innovation and sustainability. Redevco’s global transaction and asset management teams are led centrally but operate locally with dedicated teams on the ground.
Redevco has a majority stake in redos, a Hamburg-based large-scale retail and urban logistics property investment specialist. Redevco’s total assets under management, including redos, are around €9.9bn. Redevco continues to extend its investment platform to like-minded investors and will consider a variety of investment strategies to broaden its investor base.
Investment principles & strategy
Urban areas are our home
As a European real estate firm with focus on and passion for real estate in urban areas, it is our mission to lead the transformation of cities to ensure they are sustainable and liveable. We aim to do this through specialised investment strategies that deliver above-average sustainable risk-adjusted returns.
With ESG at the forefront of our investment management philosophy and our legacy built on our conviction to be a force for good, we are strongly committed to corporate responsibility, and strive to minimise the environmental impact of our activities and the properties we manage by reducing the carbon footprint of our operations and by continuing to futureproof our assets. 86% of the assets Redevco manages are certified BREEAM ‘Good’ or better. At the end of 2019, we introduced Mission2040: our journey to make our entire portfolio net zero carbon by 2040. To further drive action, we have formally committed to setting a science-based target and reduce our emissions by 50% by 2030 compared to baseline. Science-based targets show companies how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climate change. This now makes us part of the race to zero.
One-stop shop for real estate management services
At Redevco, we use our deep knowledge of cities, strong investment manage- ment capabilities and outstanding asset management skills to create, maintain and enhance value. We ensure that the real estate portfolios we manage on behalf of our investor clients, optimally reflect their needs and deliver above average returns.
We operate across the risk-return spectrum offering a variety of products, currently:
- Retail warehouse park strategies
- A core-plus urban transition strategy
- A value-add urban hospitality strategy
- A core-plus living strategy
- Retail-led separate accounts
Strategic corporate development
We manage a portfolio of more than 350 assets in 13 European markets. Our specialist investment strategies consider opportunities to repurpose to mixed-use, in the segments of living and leisure and hospitality as well as in retail warehouse parks.
With the acquisition of a majority stake in redos, the Hamburg-based large-scale retail and urban logistics property investment specialist, Redevco strengthened its market position, especially in the highly attractive and resilient retail park segment, and boosted its assets under management (AUM) from €6.7bn to approximately €9.9bn.
We are a firm believer in strong cities that are currently undergoing evolving rapidly to become places beneficial to the well-being of both people and planet. Cities are becoming more digital and more sustainable, driven by shifting demographics and changes in people’s needs, habits, and priorities.
These changes can be felt in a variety of areas, from the transformation of retail space into multi-purpose locations, to the increasing importance of convenience retail in larger urban areas. Changing demographics are affecting the need for more residential buildings and as cities become more intensively populated they require better mobility and sustainability solutions.
As it is our mission to lead the transformation of cities to ensure they are sustainable and liveable, we are broadening our horizon into the relevant property sectors and technologies across the urban environment spectrum. In this context, Redevco continues to extend its investment platform to like-minded investors and will consider a variety of investment strategies to broaden its investor base.
Redevco performance data is compiled and reported regularly to its clients. Performance data is reviewed as part the company’s annual audits by independent auditors.