Welcome to Redevco Central Europe
REDEVCO - the name derives from Real Estate Development Company - has been operating as an independent company since 1999. Its origins lie in the real estate department of fashion retailer C&A. So we are a young company with almost 160 years of experience.
With offices in Vienna and Warsaw, Redevco Central Europe covers five countries: Austria, the Czech Republic, Slovakia, Hungary and Poland. These EU member states in Central Europe number among the fastest growing markets in Europe and offer the biggest potential for retail expansion. The region, with more than 75 million inhabitants, is still relatively new to modern retail development in many areas and so offers great opportunities for investment and development. We try to identify and realise these based on an end-consumer focus: “We invest where people shop.”
Our current investments and developments include properties and projects in all of these countries with a strong accent on metropolitan regions with a minimum of 200,000 inhabitants.
Retail focus
Given our company strategy and local expertise, our main focus is the retail sector. Within that sector we operate in all formats but invest primarily in shopping centres, prime high-street locations and market-dominant food-anchored retail warehouse parks . We strongly believe in the power of the city centre for retail, and by redeveloping and investing in city centre high-street buildings we contribute to the viability of our daily living environment.
The key to our success is that we work closely with retailers when they are starting in new markets, and thus see things through their eyes. If the retailer is successful, so too will our projects be.
Efficient and effective decision-making
In a fast-moving market the ability to take decisions quickly is one of our strengths. We make decisions efficiently at a local level, for local businesses, but we can act at a European or even global level if necessary.
Partner in investment and development
There is no preset limit to how much we are prepared to invest in a single project. We are willing, and in some circums-tances keen, to enter into partnerships with developers (retail or otherwise). We have successfully concluded development partnerships in various countries and plan to continue to do so to optimise mutual benefits. If necessary, pre-financing is possible. To obtain the best local results, we are happy to engage in public-private partnerships: early involvement in project plans can greatly enhance the final result. In addition to redevelopment, project development has also become one of our activities. Here too our sole focus is on retail projects, enabling us to respond even better to the needs of international retail chains.
Portfolio
Our retail portfolio currently accounts for more than 90% of invested assets, the remaining 10% being primarily parking garages and office areas as parts of retail buildings.
Sustainability
We believe we have a responsibility to make our buildings more sustainable for future generations. This prompted us to become a founding member of the Austrian Green Building Council in 2010, in order to better coordinate our activities with other market participants. We are strongly committed to achieving the clear targets we have set. To-gether with our retail tenants we want to make our buildings more energy efficient and cut CO2 emissions sharply.
