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Redevco Changes Course beyond Retail to Invest in Offices and Logistics Assets

Israel Casanova Redevco 1
Israel Casanova, Managing Director of Redevco in Spain.

The pan-European real estate investment management company is planning to increase the value of its portfolio of assets under management from the current level of €7.5 billion to €10 billion in 2025 by diversifying its investments into new sectors beyond its traditional focus ‘retail’.

Third-party investors now constitute 40% of Redevco’s capital base, accounting for €2.8 billion, whilst their presence was null just six years ago. The company is going to open its platform to other similar investors and will study the creation of new investment vehicles to expand its investment base, with an initial focus on joint ventures. “Investments in the future will focus mainly on mixed-use urban buildings as the disappearance of the barriers between different asset classes accelerates,” said sources at the company.

 

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