Redevco, a European real estate company with assets under management valued at approximately €9 billion, launched a pan-European residential asset management platform called Redevco Living in June 2023. This initiative combines the real estate projects of LIFE Europe, a Dutch company specialising in residential real estate acquired last year, with its own residential assets.
Following its launch, Redevco Living aims to develop 10,000 Plus residential units over the next 5 to 10 years, in partnership with investors aligned with its objectives, in order to contribute to the creation of more sustainable and liveable cities. This plan would involve doubling its current portfolio, with projects in eleven cities in Belgium, the Netherlands, Luxembourg, the UK and Germany, which would position Redevco as one of the leading residential managers in Europe.
Steven Zeeman, managing director of Redevco Living, has indicated that the lack of modern, affordable and sustainable housing is one of the main challenges in Europe. He mentions that this shortage contributes to social and political challenges, such as the difficulty for young people to start families and increasing political polarisation. Redevco seeks to address this problem by increasing residential supply and, in doing so, fulfil its mission to improve the liveability and sustainability of cities, while offering investment opportunities.
"The huge unmet demand for new housing in Europe offers attractive investment opportunities for those looking for a defensive counter-cycle".
Redevco Living currently has 5,000 units under development or in the pre-development phase, and intends to evolve its organic growth into a pan-European residential platform. Long-term projects are being planned, including 2,000 units in large retail parks in Belgium as part of a densification strategy. In addition, the Spanish market, where Redevco has an established presence, is being considered.
The platform has expanded its portfolio to include various stakeholders, from developers to family offices and institutional investors, and is flexible in terms of the type of asset management and development agreements. Redevco Living focuses on projects that can offer economic scalability and meet sustainability, amenity and affordability standards. Typically, these projects have at least 200 units or cover a minimum of 10,000 square metres of gross floor area.
In addition, Redevco Living is committed to improving the sustainability of its portfolio, seeking BREEAM certification and promoting the use of electricity from non-fossil, exclusively renewable energy sources, with the aim of reducing carbon emissions in all facets of daily life within its developments, including consideration of circular building design, and the use of sustainable methods and materials.
