Redevco has created a new European special situations real estate platform with Oliver Herrmann, founder of German large-scale retail specialist redos.
Redevco Capital Partners will invest across multiple asset classes in select European markets alongside strategic capital partners.
Neil Slater, CEO of Redevco, said: “By introducing Redevco Capital Partners we are adding an exciting new business to our existing suite of urban regeneration activities. Concentrating on opportunities positioned higher in the risk-return spectrum, we have a specialist team in London with the focus, agility and entrepreneurship to capitalise on market opportunities at an exciting time in the real estate cycle.”
Herrmann (pictured) added: “The current market conditions offer an excellent opportunity for undervalued properties or distressed assets and the capability to execute swiftly. Backed by a solid platform and with the freedom to move quickly, Redevco Capital Partners aims to acquire assets below their intrinsic value and reposition them to maximise value, which is imperative to successfully executing this strategy in collaboration with like-minded partners.”
Redevco acquired redos in 2022 and it was fully integrated into the Redevco platform in 2023. Herrmann continues to act as a strategic adviser to Redevco and is a member of its DACH advisory board.
