Tuesday, 06 June 2023
Amsterdam, June 6, 2023 –Pan-European urban real estate specialist Redevco has completed the acquisition of LIFE Europe, a Dutch residential real estate specialist. Moving forward, LIFE Europe will be known as Redevco Living, Redevco’s newly created residential development, investment, and operational platform. With the acquisition of LIFE Europe, Redevco gains capabilities to further expand its residential activities - a key growth area for Redevco, aligned with its mission to lead the transformation of cities to ensure they are sustainable and liveable.
LIFE Europe has a strong pipeline of residential and mixed-use projects in The Netherlands, including Entrada in Amsterdam, Rivium in Rotterdam, and Escher Gardens in The Hague, which are expected to be completed in 2027. As part of the acquisition, the full LIFE Europe team will join Redevco including its CEO Steven Zeeman who will become Managing Director Redevco Living.
Herman Jan Faber, Head of Business Development, comments: “Building on the track record of LIFE Europe, the launch of Redevco Living accelerates our ambition to build a residential platform. Even in a challenging market, we believe that this acquisition and the collaboration with both existing as well as new like-minded partners can positively impact cities by helping to resolve the housing shortage and creating vibrant, liveable cities. Starting in The Netherlands, we aim to expand our residential platform to more countries where we currently operate.”
Steven Zeeman, CEO LIFE Europe, adds: “This transaction constitutes a great opportunity to become part of a company that has the same ambitious growth strategy as we do, and is determined to create positive impact. The pan-European scale of Redevco, its extensive infrastructure and network will enable LIFE Europe to connect people, projects, and capital with the goal to create and operate the next generation of (mixed-use) rental housing. Furthermore, I’m very proud and thankful to the founding partners Focus Real Estate, LIFEworld, Panta Holdings, IMP, and Gijbels Group. Their support and commitment have enabled us to create a solid residential operating and development platform with great growth potential.”
Redevco entered the residential sector at the end of 2018 with a focus on Germany, The Netherlands, Spain, and the UK, in the context of its growth and diversification strategy, targeted at making cities more livable and sustainable. Since then, Redevco acquired two residential development projects in the Netherlands (Amstelveen and Delft) and one in the UK (Oxford), a residential property in Germany (Dusseldorf), and it launched a Built-to-Rent strategy in the UK market together with Swiss Finance Property.