Redevco, the pan-European retail real estate specialist, and Hermes Investment Management, the €40.5 bln (£29.8 bln) manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, have set up a joint venture to acquire approx. €250 mln retail assets in the largest markets of western continental Europe and the Nordic region. The joint venture will target a core+/value-add investment strategy with a moderate risk profile. Redevco will advise on acquisitions and manage the assembled portfolio.
The 50:50 joint venture with Hermes Investment Management will acquire high street properties, shopping centres and retail parks in need of hands-on asset management. The target markets are France, Germany, the Benelux countries and the Nordic region.
Source: REDEVCO and Hermes Investment Management
