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Redevco enters residential segment
Tuesday, 04 December 2018
Amsterdam, December 4–Pan-European real estate investment manager Redevco is entering the residential market through establishing a new residential real estate fund of €500 million. Redevco, managing €7.4billion of total value invested primarily in retail, initially targets potential projects in the Netherlands and Germany, and Spain and the UK as the second-tier markets.The fund’s first deal has already been sealed with the acquisition of building land in the greater Amsterdam area. Together with the AM area development company of real estate development company AM, Redevco plans to build approximately 300 rental units by 2022.