Herman Jan Faber, Head of Business Development, comments: “Building on the track record of LIFE Europe, the launch of Redevco Living accelerates our ambition to build a residential platform. Even in a challenging market, we believe that this acquisition and the collaboration with both existing as well as new like-minded partners can positively impact cities by helping to resolve the housing shortage and creating vibrant, liveable cities. Starting in The Netherlands, we aim to expand our residential platform to more countries where we currently operate.”
Steven Zeeman, CEO LIFE Europe, adds: “This transaction constitutes a great opportunity to become part of a company that has the same ambitious growth strategy as we do, and is determined to create positive impact. The pan-European scale of Redevco, its extensive infrastructure and network will enable LIFE Europe to connect people, projects, and capital with the goal to create and operate the next generation of (mixed-use) rental housing. Furthermore, I’m very proud and thankful to the founding partners Focus Real Estate, LIFEworld, Panta Holdings, IMP, and Gijbels Group. Their support and commitment have enabled us to create a solid residential operating and development platform with great growth potential.” Redevco entered the residential sector at the end of 2018 with a focus on Germany, The Netherlands, Spain, and the UK, in the context of its growth and diversification strategy, targeted at making cities more livable and sustainable. Since then, Redevco acquired two residential development projects in the Netherlands (Amstelveen and Delft) and one in the UK (Oxford), a residential property in Germany (Dusseldorf), and it launched a Built-to-Rent strategy in the UK market together with Swiss Finance Property.
About Redevco: Redevco, part of COFRA Holding AG, is a European urban real estate regeneration specialist with a clear ambition to create positive impact by helping cities become more sustainable and liveable. On behalf of our clients Redevco invests in properties with a view to developing future-proof and vibrant places in dynamic urban locations where people want to live, work and play. Our specialist investment strategies consider opportunities to re-purpose to mixed-use, in the segments of living and leisure & hospitality as well as in retail warehouse parks. Together with the local real estate knowledge and the scale of our pan-European platform Redevco can create value for both investor clients and occupiers. Our highly experienced professionals purchase, develop, let, and manage properties, ensuring that the portfolios optimally reflect the needs of Redevco’s clients. We believe in long-term investments where quality and sustainability are key. Redevco has a majority stake in redos, a Hamburg-based large-scale retail and urban logistics property investment specialist. redos retains its operational independence and experienced senior leadership. Redevco’s total assets under management, incl. redos, are around €9.7 billion.
About LIFE Europe: LIFE Europe is a privately held residential and commercial real estate company that invests in, develops, and operates branded real estate concepts. The company’s ambition is to build a "next generation of rental housing" portfolio in Europe, starting in The Netherlands, which will adhere to our urban living philosophy tin which nature, simplicity, intimacy, and connection play a central role. Our growth will come from delivering our existing development projects and through the acquisition of new projects. As a lean firm, we pride ourselves on the institutional quality level of our work and governance; from decision making, checks and balances up to the quality of timely reporting.
For further information please contact:
Priscilla Tomasoa Head of Corporate Communications Redevco B.V.
Wibautstraat 224 1097 DN Amsterdam
Nederland +31 20 599 6262
[email protected]
www.redevco.com
