Redevco, one of Europe’s largest privately owned real estate managers, completes the acquisition of a portfolio of 16 retail parks across the UK for £518 million. The portfolio was assembled by Oxford Properties via the M7 Real Estate specialist platform it acquired in 2021.
The transaction marks a significant milestone for Redevco in building one of the largest retail park asset management platforms in Europe. Following this acquisition, Redevco manages circa €5 billion Gross Asset Value across almost 200 retail park assets, predominantly in Belgium, Germany, Spain and the UK.
Neil Slater, CEO of Redevco, commented: “This acquisition is a welcome addition to our pan-European platform, demonstrating our confidence in this sector. Retail parks combine cash-flow resilience and adaptability, making them a compelling investment. Having focused on this sector internationally for years, we’re delighted to supplement our holdings at a fascinating time for the UK market.”
The acquired portfolio encompasses approximately 2.1 million square feet of Net Internal Area and is anchored by a diversified mix of tenants, including well-established brands in the food, DIY, and discount sectors.
You can now read the full press release at the link below
