Redevco kicks off €500m European retail parks strategy

Redevco has rolled out its Redevco European Retail Parks (RERP) Fund, a new closed-end investment vehicle. 

Oostakker Teirlinck Retail Park, Ghent, Belgium

This fund is specifically designed to acquire and manage high-quality, convenience-oriented retail parks throughout Europe and the UK.
The strategy behind the RERP Fund is bolstered by a €500 mln equity commitment from CBRE IM’s Indirect Real Estate Strategies, acting on behalf of a diverse group of global institutional clients. Redevco itself has also made a substantial co-investment in the fund.
The core objective of this real estate investment vehicle is to assemble a portfolio of dominant, urban retail parks. These parks will be anchored by essential retailers, such as grocery stores, DIY outlets, and discount operators, aiming to provide resilient income and long-term value creation. The fund will achieve this through proactive asset management and a strong emphasis on sustainability.
The RERP Fund has already initiated its investment activities with a seed portfolio totaling around €200 mln, comprising five assets located in Belgium and the UK. Furthermore, the fund has an advanced pipeline of opportunities across other target countries, including Germany, Spain, Portugal, France, and the Netherlands, with an additional €200 mln in deals currently under exclusivity. 
This strategic launch marks Redevco's formal entry into a dedicated pan-European retail parks strategy.
Neil Slater, CEO Redevco, commented: “We are incredibly proud to launch our pan-European retail parks fund, a milestone that reflects both the depth of opportunity in this dynamic sector and the strength of our platform. The fragmented nature of the market, combined with our operational expertise and trusted tenant relationships, positions us to deliver real value for our investors and communities. Building on our 25-year track record, this is an exciting next step in our journey as we scale our business and unlock new opportunities throughout Europe.”
Sasha Silver, head of Global Client Group, Redevco, said: “The launch of the Redevco European Retail Parks Fund represents a timely opportunity to invest in a resilient and high-yielding asset class at an attractive point in the cycle. Investors are returning to retail exposure with targeted new allocations that recognize the evolution of retail to meet the needs of today’s consumers and occupiers. It also marks a pivotal moment in Redevco’s evolution as we continue to open our platform to external institutional capital. With CBRE IM as our strategic partner, we’re excited to collaborate with investors who share our long-term vision for sustainable, future-proof urban retail.”
Philippe Brand, senior director at CBRE IM Indirect Strategies, added: “We are pleased to enable Redevco in launching this retail parks strategy that aligns with our conviction in essential retail and our shared focus on sustainability. The combination of Redevco’s specialist expertise, with a solid track record in Belgium, Germany, Spain, and the UK already, and a strong pipeline, offers a compelling opportunity to deliver long-term value for our clients. Historically, CBRE IM Indirect has maintained a significant underweight position to retail globally, reflecting a cautious stance amid prolonged sector headwinds. However, following significant valuation adjustments and rental resets, we identified compelling opportunities to re-enter the sector at the start of 2025, particularly in non-discretionary formats.”