Redevco doubles down on retail and logistics expansion in Europe

Redevco is focusing on retail and logistics, leveraging its established expertise in retail and the recent acquisition of Roebuck, a logistics platform with approximately €1 bn of AUM.

Severine Maumy

Speaking to CRE Media Europe at Expo Real, Severine Maumy, head of Asset & Transaction Management, recalled that Redevco recently launched the Redevco European Retail Parks (RERP) Fund, a closed-end investment vehicle aimed at acquiring and managing convenience-oriented retail parks across Europe and the UK, with a €500 mln equity commitment from CBRE. The fund is seeded with prime assets and has a strong pipeline of potential acquisitions.
Maumy notes increased competition and renewed investor interest in the retail sector, driven by yield decompression and lower rents. While the shopping center market remains challenging, there is significant interest in Spain due to attractive yields.
In logistics, despite the sector being highly sought after in recent years, she observes potential yield compression driven by continued appetite and strong fundamentals. Redevco is carefully monitoring the tech sector slowdown and focusing on acquiring core or value-add products, avoiding speculative development. They intend to expand the logistics platform into continental Europe, leveraging the expertise of the Roebuck team.
Maumy sees potential in Germany, with signs of political stabilization and renewed investor interest, while expressing reservations about France. Spain is a key market due to its strong economy and Redevco's strong local team.
Although fundraising remains challenging, existing funds are seeing top-ups, and many are successfully raising new capital, indicating a more optimistic outlook.
The success of Redevco's fund, with €200 mln already under exclusivity, is seen as a positive sign of renewed investor interest. Furthermore, Asian markets are increasingly showing interest in investing in European retail, marking a significant shift in the market.
Looking toward the end of the year and into 2026, Redevco's priorities are focused on expanding the retail and logistics portfolios. For retail, they aim to continue acquiring assets for their fund, building on the existing five assets and €200 mln pipeline. In logistics, there is a strong appetite for growth through Roebuck, aiming to triple the AUM within the next five years.

Branislav Pekić