redos is now Redevco
January 22, 2024
As of today redos, the Hamburg-based large-scale retail and urban logistics property investment specialist, will be Redevco going forward.
Renaming redos into Redevco is a logical step in the integration of the two companies.
In May 2022 we acquired a majority stake in redos to strengthen Redevco’s market position, especially in the highly attractive and resilient retail park segment and grow our businesses together. Founded in 2004, redos has a strong reputation in Germany as a trusted operator of retail warehouse parks and convenience retail sites. In addition, redos has a growing urban logistics business which allows for an integrated approach to servicing urban areas.
Through the acquisition Redevco was able to significantly grow its assets under management and increase its ability to realise our mission to help cities and urban areas become more sustainable and liveable.
Last year redos and Redevco made a significant step creating one of Europe’s largest Retail Warehouse Parks asset management platforms by combining their retail park properties, those of redos in Germany and the ones of Redevco mainly in Belgium. This combined portfolio represents roughly 4.5 bn EUR of AuM. Our leading position in the retail park arena and provides a solid basis for future growth in close cooperation with our existing investor clients.
As a further step in integrating the two companies, Lars Heese, who was already responsible for Redevco DACH, became responsible for the entire DACH operations, run out of the offices in Dusseldorf and in Hamburg. By doing this, we can make use of the synergies and economies of scale – being part of a European platform.
Today marks another step in the integration, having renamed redos in Redevco.