REDEVCO Germany plans portfolio sale (DE)

REDEVCO Services Deutschland GmbH is planning a sale of a portfolio of 34 retail properties. The properties, which are mostly let to textile branches of C&A, comprise a fairly even geographic spread across Germany. They are located in prime high street locations in medium sized and large cities.

With this planned transaction, REDEVCO is advancing its diversification strategy. The strategy involves reducing the
company's exposure to larger retail properties in favour of smaller schemes in 1A locations and specialized retail parks as well as achieving a better geographical spread.

Furthermore REDEVCO continues to increase the share of non-C&A leases throughout its retail portfolio. The other areas of focus are property development and the logistics sector.

The portfolio will be marketed by way of an international tender. REDEVCO is being advised by CB Richard Ellis in London.


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