Redevco has created a pan-European residential asset management platform called Redevco Living and is targeting a residential development pipeline of more than 10,000 units over the next five to 10 years.
The company has created the platform by combining the housing projects of Dutch residential real estate specialist LIFE Europe, which it acquired last year, with its own residential assets.
Redevco is working on residential projects in 11 cities in Benelux, the United Kingdom and Germany, with 5,000 units currently being developed or in the pre-development phase.
Steven Zeeman, managing director Redevco Living, said: “One of the biggest challenges facing European societies is the severe shortage of modern, affordable, and sustainable residential supply in our cities in the face of soaring demand. The housing crisis leads to growing inequality, delayed family formation for young people unable to find homes and increased political polarisation fed by the perception of widening social injustice.
“By targeting the root cause of the problem through boosting residential supply in European markets, Redevco is fulfilling its core mission of making cities more sustainable and liveable and also creating compelling opportunities for investors. Europe’s huge unmet demand for new homes offers compelling investment opportunities for investors seeking defensive counter-cycle, long-term stable and usually index-linked income returns, balanced by strong societal and climate impact components.
“Redevco’s long-term corporate strategy is also to substantially expand and diversify the company’s €9bn AUM portfolio, which is currently mainly retail-anchored, into a multi-sector approach focused on maximising the climate and societal impact of our investments, whilst working with investment partners.”
