Historically we have focused our operations mainly on Western and Southern Europe. The time has now come to make long-term investments in Asia, in particular China and India, countries that are currently enjoying rapid economic expansion with a corresponding consumer spending boom. In Asia, as in Europe, we will build a position as a reliable market player that does not seek short-term profit, but is there to stay, and to enable retailers to reap the fruits of its international expertise and experience in retail real estate development and management. Initially we will focus on participating in new development projects in major cities in China and India through our offices in Hong Kong and New Delhi.
 
From the new office in Hong Kong, Robert Lie will build an Asian real estate portfolio comprising retail investments and developments, primarily new shopping centre developments, in Asia’s major cities. Joris de van der Schueren has been appointed Country Manager of REDEVCO India Private Limited, a subsidiary of Redevco Asia Limited.  He will lead the company’s investment and development activities in India from the new office in New Delhi, which will be opened later this year. Together with local partners, REDEVCO will in principle develop for its own portfolio. Building up an Asian portfolio is in line with REDEVCO’s strategy of geographical diversification.