Best-in-Class Retail & Mixed-use

Reinventing the high street

Rue de rivoli, paris

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.

Prague lifestyle

Rethinking assets

Our ambitious urban transformation programme goes beyond modernising retail spaces – it is about fundamentally rethinking how these assets can better serve their communities through mixed-use concepts that integrate retail with residential, hospitality, wellness, and work and community spaces

A defining characteristic of our transformation approach is the significant reduction in retail gross lettable area (GLA) in favour of diverse usage types. This shift reflects our understanding that today’s urban centres need to offer more than just shopping opportunities – they need to provide experiences, services, and spaces that foster community engagement.

Towards Community-Focused

Sustainability at the Core

Environmental considerations form the foundation of our transformation strategy rather than serving as a supplementary consideration. Repurposing existing structures inherently delivers significant environmental benefits compared to demolition and new construction. The enhanced energy efficiency measures we implement further amplify these positive environmental outcomes.

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.

Pers facade aderi final

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.

Interested in doing business?

Get in touch with us!

Corporate headshots
Chris Fleetwood

Deputy COO Real Estate

[email protected]

+44 7786336202

Rue de rivoli, paris