Redevco is a pan-European real estate investment management company specialised in retail property.
Our aim is to make urban centres more interesting places in which to live, work and shop. We do this by providing the best retail real estate possible that contributes to that purpose for our retail customers and on behalf of our investor clients. We manage a portfolio of approximately 300 (year-end 2017: 345) assets in Europe’s strongest retail locations across 11 countries. Worth a combined €7.5 billion (year-end 2017: €7.5 billion), these properties comprise 2.6 million m2 of space that is occupied by leading retail brands through more than 2,000 tenancies. We are held by COFRA Holding AG, which is headquartered in Zug, Switzerland.
What we do
Our team of 195 professionals provide clients with the full range of real estate investment management services: fund creation, acquisitions, rent and lease management, maintenance and development, divestments and fund liquidation. We create value by finding and effectively managing the best properties in the most attractive retail locations. Our thorough understanding of the challenges facing retailers and research into the best locations enable us to build solid investment strategies for our investor clients and retail customers.
How we do it
Our business is built on three pillars. Firstly, we have deep-rooted local capabilities that allow our country teams to buy, develop, let and manage properties that are ideally suited to the needs of our tenants and their customers. Secondly, we design our specialist strategies to anticipate and respond to the fast-paced evolution of retail. This helps us find the retail locations with the most relevant, sustainable and inspiring real estate. For our investors, it translates into solid returns. Lastly, since retail is an international business, Redevco’s scale and footprint mean we can leverage the collective knowledge of our fund management and our local country-based specialist teams.
How we govern
Redevco’s Board has delegated the day-to-day management of the business to our Executive Committee (ExCo) to ensure more integrated decision-making and appropriate accountability for both Fund Management and as our local operations. The ExCo reaches decisions collectively so that they are properly and speedily implemented across all of Redevco’s activities. The ten members of the ExCo convene each month.
Redevco organises its collaboration across countries and teams in three groups:
1. Deal Team: all country Transaction Managers led by the Head of Transactions
2. Portfolio Platform: all country Portfolio Directors headed by the Managing Director Fund Management
3. Finance Platform: all country Finance Directors and the Group Controller led by the CFO
Each group focuses on a particular part of the business, preparing and implementing ExCo decisions in their respective area of expertise.
The Investment Committee chaired by our CEO makes all investment and divestment decisions. Its members are the CFO and all of the Managing Directors of Fund Management. Following the announcement that the company will enter the residential market, Redevco has appointed residential specialists Nick Jopling and Hans Touw to the Investment Committee specifically for residential opportunities only.