Retail warehouse parks shine in Europe’s burgeoning retail recovery

European retail real estate investment is bouncing back in tandem with the postpandemic surge in consumer spending in stores.

And retail warehouse house parks (RWHPs) are leading the way, buoyed by their resilience during Covid and the mixed-use and clean-tech development opportunities these usually large-scale formats on urban peripheries offer for the future. RWHPs emerged as the best performing retail real estate market subsegment through the pandemic, driven by the predominance of ‘convenience retailers’ such as hypermarkets and DIY stores in the average tenant mix. They are also well-placed to benefit from the megatrends that are shaping the built environment of our cities, from renewable power generation and electric vehicle charging, to urbanisation and the huge demand for affordable and sustainable housing. Against this backdrop, Redevco has established one of the largest retail warehouse park asset management platforms in Europe. The platform, with AUM of €4.5 billion, was created by combining Redevco’s existing mainly Belgium-focused retail parks with the properties of the funds managed by German retail specialist redos, in which Redevco acquired a majority stake last year.

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