Redevco and former redos founder Oliver Herrmann launch Redevco Capital Partners to target European special situations real estate opportunities
16 april 2024
- Redevco Capital Partners is a new venture by Redevco and Oliver Herrmann
- Redevco broadens its risk-return profile with new business initiative focusing on higher risk-return opportunities across Europe
- An experienced, specialist team is in place with new London Managing Director, Mark Beaumont, to invest across multiple asset classes with strategic capital partners
Redevco, and Oliver Herrmann, founder of German large-scale retail specialist redos, launch Redevco Capital Partners, targeting special situations real estate opportunities across Europe.
Based in London and leveraging Redevco’s pan European platform of eight offices and circa 270 real estate professionals, Redevco Capital Partners will invest across multiple asset classes in select European markets alongside strategic capital partners.
Neil Slater, CEO Redevco, said: “By introducing Redevco Capital Partners we are adding an exciting new business to our existing suite of urban regeneration activities. Concentrating on opportunities positioned higher in the risk-return spectrum, we have a specialist team in London with the focus, agility and entrepreneurship to capitalise on market opportunities at an exciting time in the real estate cycle.”
Oliver Herrmann, Partner Redevco Capital Partners and Strategic Advisor to Redevco, said: “The current market conditions offer an excellent opportunity for undervalued properties or distressed assets and the capability to execute swiftly. Backed by a solid platform and with the freedom to move quickly, Redevco Capital Partners aims to acquire assets below their intrinsic value and reposition them to maximise value, which is imperative to successfully executing this strategy in collaboration with like-minded partners.”
redos was acquired by Redevco in 2022 and fully integrated in the Redevco platform in 2023. Oliver Herrmann continues to be involved as Strategic Advisor to Redevco and a member of its DACH Advisory Board.
Source: Redevco
