Redevco has plans to grow its mandates and portfolio to €10 billion ($11 billion) by 2025 from €7.5 billion ($8.3 billion) currently, by launching a drive into new real estate sectors beyond retail.
Third-party investors now comprise 40 percent of Redevco’s capital base at €2.8 billion ($3.1 billion), compared with 0 percent six years ago. The company is extending the opening of its investment platform to like-minded investors and will consider a variety of investment vehicles to broaden its investor base, with an initial focus on joint ventures.
Andrew Vaughan, Redevco CEO, said, “Urban areas are changing rapidly and, in parallel, also the demands on the use of real estate space. Redevco’s research-led insights into the dynamic forces that are driving the evolution of city landscapes have always steered our investment strategies and allowed us to keep on top of these fast-moving market trends. So we see a great opportunity to leverage our pan-European inve
