Redevco, one of Europe’s largest privately-owned real estate management firms, has announced the launch of its closed-end Redevco European Retail Parks Fund. This new investment vehicle focuses on acquiring and managing high-quality, convenience-led retail parks across Europe and the United Kingdom. The strategy is backed by commitments from CBRE Investment Management’s (CBRE IM) indirect real estate strategies, acting on behalf of global institutional investors, as well as co-investment by Redevco.
The core-plus real estate investment vehicle aims to build a portfolio of dominant, urban retail parks that are anchored by essential retailers such as grocery, do-it-yourself (DIY) and discount operators. The strategy is designed to deliver resilient income and long-term value through active asset management and a strong sustainability agenda.
The strategy will utilize the expertise of Redevco’s Pan-European real estate platform with deep market knowledge, sourcing n