Redevco has launched and held a first close for its Redevco European Retail Parks Evergreen fund (RERP Evergreen), a new open-end strategy focused on investing in convenience-led retail parks and essential retail assets across Europe attractively located within strong catchment areas. The fund has secured a first closing with commitments from a diversified group of global institutional investors managed by CBRE Investment Management Indirect. Redevco is also making a significant commitment to the fund, demonstrating its conviction in the strategy and long-term alignment of interests.
RERP Evergreen has a core/core-plus profile with a focus on income distribution and will use conservative leverage. The fund builds on the successful launch and deployment of Redevco’s inaugural closed-end European retail parks fund, which secured more than €500 million ($585 million) in commitments in 2025 and has currently committed 80 percent of the capital.
“Launching a second re
