Redos launches German retail fund

Redos Real Estate, one of Germany’s leading independent retail property specialists, has set up the new special AIF, Redos Einzelhandel Deutschland II, in a joint venture with Union Investment. The firms are seeking to raise €600 million ($713 million) for the new fund.

Just like its predecessor, Redos Einzelhandel Deutschland, the new core fund is designed for professional and semi-professional investors. The company covers the entire value chain for large-scale retail properties — for hybrid and conventional shopping centers as well as for retail parks and hypermarkets.

In western Germany, Redos has already bought 10 retail parks for the new fund called the Bordeaux portfolio. Bordeaux was sold by global real estate investment manager Invesco Real Estate for AEW Ciloger, a subsidiary of AEW.

“With Bordeaux we have secured an outstanding starting portfolio for our new special AIF,” said Torsten Wesch, managing director and head of fund management at