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Redevco, owned by Cofra Holding AG, a Swiss-based holding company, is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at € 7.1 billion.
The portfolio comprises over 600 properties in top locations in major cities.
Redevco announced its new strategic objectives late last year in response to the changing economic environment and retail landscape. The focus will be exclusively on the retail sector where Redevco has its greatest expertise. The repositioning will allow Redevco to upgrade its existing portfolio by strengthening management focus on its core business and by further streamlining the organisation and the efficiency of its operations.
Redevco has successfully shifted its strategic focus by selling its portfolios in the Italian, Swedish, Finnish and Turkish markets.
Redevcoplans to use the proceeds from these divestments to enhance value through new acquisitions and the redevelopment of high-quality retail assets in its key markets Belgium, Central Europe, France, Germany, Spain/Portugal, Switzerland, the Netherlands and the UK.
Examples for major retail developments or redevelopment projects are Promenade Sainte-Catherine in Bordeaux, France, and ALEA 101 on Alexanderplatz and Steglitz in Berlin, Germany. Furthermore Redevco is also redeveloping several retail parks in Sint-Pieters-Leeuw, Flémalle in Belgium .
Sustainability as a guiding principle.In all of Redevco’s developments and activities, sustainability is a prime consideration, so all new projects are targeting a BREEAM certification. In Germany, some projects are also assessed by the German Sustainable Building Council (DGNB).
Fonte: CS della Società
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