Redevco has launched a pan-European retail parks strategy with a €500m commitment from CBRE Investment Management.
The Redevco European Retail Parks (RERP) fund will target high-quality, convenience-led retail parks across Europe and the UK.
The core+ strategy will focus on multi-let assets in strong catchment areas to deliver resilient income and value creation and the fund has closed €200m in initial investments in the UK and Belgium with another €200m in exclusivity.
Neil Slater, CEO of Redevco, said: “We are incredibly proud to launch our pan-European retail parks fund, a milestone that reflects both the depth of opportunity in this dynamic sector and the strength of our platform. The fragmented nature of the market, combined with our operational expertise and trusted tenant relationships, positions us to deliver real value for our investors and communities. Building on our 25-year track record, this is an exciting next step in our journey as we scale our business and unlock new opportunities throughout Europe.”
Sasha Silver, head of global client group at Redevco, added: “The launch of the Redevco European Retail Parks fund represents a timely opportunity to invest in a resilient and high-yielding asset class at an attractive point in the cycle. Investors are returning to retail exposure with targeted new allocations that recognise the evolution of retail to meet the needs of today’s consumers and occupiers. It also marks a pivotal moment in Redevco’s evolution as we continue to open our platform to external institutional capital. With CBRE Investment Management as our strategic partner, we’re excited to collaborate with investors who share our long-term vision for sustainable, future-proof urban retail.”
Philippe Brand, senior director at CBRE IM Indirect Strategies, said: “We are pleased to enable Redevco in launching this retail parks strategy that aligns with our conviction in essential retail and our shared focus on sustainability. The combination of Redevco’s specialist expertise, with a solid track record in Belgium, Germany, Spain, and the UK already, and strong pipeline offers a compelling opportunity to deliver long-term value for our clients.
“Historically, CBRE IM Indirect has maintained a significant underweight position to retail globally, reflecting a cautious stance amid prolonged sector headwinds. However, following significant valuation adjustments and rental resets, we identified compelling opportunities to re-enter the sector at the start of 2025, particularly in non-discretionary formats.”
