Retail & Mixed-use

Transforming to create vibrant locations

We are a firm believer in strong cities that are currently undergoing evolving rapidly to become places beneficial to the well-being of both people and planet. Cities are becoming more digital and more sustainable, driven by shifting demographics and changes in people’s needs, habits, and priorities.

As one of the largest owners of high street retail assets, Redevco is undertaking an ambitious €1 billion pan-European investment programme extending to 2030, with half the capital expected to be deployed in the next few years. This initiative targets the transformation of our prime retail assets in urban centres into dynamic, 24/7 destinations that respond to the changing demands of the communities they serve.

Rethinking urban assets: from retail to vibrant mixed-use hubs

Redevco’s ambitious urban transformation programme is redefining the role of retail spaces in modern cities. Rather than simply modernising existing assets, the strategy focuses on reimagining how these spaces can better serve their communities. By integrating retail with residential, hospitality, wellness, work, and community functions, Redevco is creating dynamic mixed-use environments that foster connection, convenience, and vibrancy. A key element of this approach is the deliberate reduction of retail gross lettable area (GLA) in favour of more diverse and experience-driven uses, reflecting a deep understanding of the evolving needs of urban life.

Sustainability-led thinking to building ,smarter properties

At the heart of Redevco’s transformation strategy lies a strong commitment to sustainability. Environmental considerations are not an afterthought, they are at the heart of our redevelopment approach. By repurposing existing structures rather than demolishing and rebuilding, the programme significantly reduces environmental impact while preserving urban character. Enhanced energy efficiency measures further amplify these benefits, contributing to smarter, greener cities. This approach not only aligns with global sustainability goals but also delivers long-term value for investors and communities alike.

A busy street scene in a european city with people walking past historic buildings, including a rounded corner building with ornate architecture and a domed roof, on a sunny day.

Signature projects

Redevco is a true urban regeneration specialist, with a long history of managing predominantly retail properties in cities across Europe. As cities evolve and the needs of its residents and visitors change, we are putting emphasis on creating dynamic and sustainable destinations by restoring & repurposing existing buildings and in doing so also have a lasting, positive impact on neighbourhoods and communities.

Redevco hh mönckebergstraße projektentwicklung copyrith sergison bates architects 210624

Elisen Palais in Hamburg

Redevco is currently redeveloping one of Hamburg’s icon properties. The corner building on the Mönckebergstrasse, one of the city’s top high streets, is being converted into a climate-neutral, mixed-use building, partly constructed in wood. The Elisen Palais, as it is now called, will be home to a short- and an extended-stay format on floors two to eight, as well as to retail and food & beverage concepts in the basement and on the ground floor.

Corner el corte inglés, portal del Ángel, barcelona

A prime location in Barcelona

Together with longstanding Joint Venture partner U.S. private equity group Ares Management, Redevco has acquired the El Corte Inglés department store in the heart of Barcelona to transform it into a highly sustainable, mixed-use prime location. The Barcelona acquisition has all the elements we look for in this type of retail-anchored investment: an ultra-prime location with high footfall in a city that is a magnet for tourists, combined with the opportunity to transform the existing format into a compelling, retail-led mixed-use destination.

Contemporary design in Paris

Redevco is about to start the refurbishment of the iconic corner building on Boulevard Hausmann 49, a generational asset which has been held for more than 30 years. It involves the redesign of the retail units, occupying more than 6,500 m² spread over four levels, and the embellishment of the facades. Built in the early 20th century, this asset of more than 15,000 m² also hosts 6,000 m² of offices with a green patio, as well as six levels of underground parking. Work is scheduled to start in mid-March 2023.

Get in touch with us!

Chris Fleetwood

Chief Operating & Sustainability Officer

[email protected] +44 7786336202