REDEVCO France is based in Paris. Managing Director is Jean-Christophe Bretxa. A team of 25 real estate professionals co-ordinates the activities of the company.
A steady growth
After a spectacular recovery, France property market has been seeing a steady expansion year after year, in retail space as well as offices and warehouses. Against that background, Redevco launched an ambitious acquisition programme in 2000. Today, the estimated value of its portfolio, which includes retail space, offices and industrial sites, is one billion euros. Our goal is to increase that figure to 1.6 billion euros by 2010. Given this steady demand, growth has now become a major challenge for us. As the prime mover behind numerous development projects, Redevco focuses on quality and a long-term perspective. We know exactly what we’re looking for: we want to build projects that will help us create significant added value so we can invest for the long term and at the same time incorporate sustainable development into our thinking at every opportunity. We anticipate changes in consumption habits and we adapt our buildings to fully reflect the current and future needs of our tenants. That’s why we’re seen as a reliable, professional business, with the financial resources to match our ambitions.
Clear priorities
In the short term, we expect to acquire and develop assets in France’s major cities such as Paris Lyon, Marseilles and Bordeaux, both in the city centre and in suburban areas near major access roads. Our ambition is to create true neighbourhoods by injecting them with new life. Our efforts are focused on providing access to thriving retail sites whose location and size are appropriate and aesthetically appealing, in order to meet the expectations of the public in France today. We’re living in a time of change, indeed revolutionary change when it comes to urban development. Contemporary lifestyles are creating a new type of demand that calls for friendly, welcoming sites adapted to an increasingly urban, aging, fun-loving population that prizes security and comfort. To ensure a harmonious future for our cities and city centres, we especially need quality retailing that’s integrated into the urban fabric rather then being outside it or set apart from it. These days, city centres and suburban areas alike need to combine economic initiative and proximity in order to create a vibrant urban area. With this in mind, Redevco is cultivating close relations with elected officials, city governments, promoters and investors. We’ve also partnered with major international retail chains such as C&A, Carrefour, Sephora, H&M, FNAC, Monoprix, and Célio as well as numerous independent and franchise retailers, particularly on projects that Redevco is developing in partnership with cities to strengthen the urban retail infrastructure. These include Le Palais des Pyrénées (in Pau), Les Allées Provençales (Aix en Provence), Les Quatre Chênes (Pontault-Combault), Avaricum (Bourges), and our plans to build a retail eco-district, Place Sainte Catherine, in Bordeaux.
Our retail portfolio accounts for 78 % of invested assets, offices for 18 % and logistics centres for the remaining 4 %.