Welcome to Redevco Germany
REDEVCO Services Deutschland GmbH is one of the biggest companies in the international REDEVCO organisation. Headquartered in Düsseldorf, our team of around 40 real estate professionals is led by Managing Director Heinz Brenninkmeijer. Our high-calibre portfolio traditionally consists mainly of retail real estate. It currently comprises about 140 properties with a total value of 1.3 billion euros (as at end 2010).
Consistent portfolio management
At REDEVCO, modern portfolio management means long-term, sustainable value growth. Our company develops, purchases, lets and manages properties, always ensuring that the portfolio meets the needs of our tenants with sustainable solutions geared to market requirements.
When REDEVCO was founded in 1999, our primary tenant and sister company C&A accounted for 95% of rental income in the German portfolio. By bringing in new tenants and selling a number of C&A stores we have now reduced this share to around two thirds of the tenant base.
Clear investment strategy
For the coming years REDEVCO’s main aim is to enhance the quality of the portfolio and substantially restructure and expand it. We will be focusing on acquiring or developing retail properties in A1 city-centre locations in medium-sized and large cities. We will also invest on a smaller scale in dominant shopping centres. The office and logistics components of the portfolio will be sold over the next five to ten years.
Successful project development
Project development is one of our core activities. We aim to continually upgrade properties in our existing portfolio and seize opportunities in the real estate market for developing creative retail projects. Our company is independent with an efficient structure designed to keep lines of communication and decision-making short. This allows us to respond fast and flexibly to changing market conditions. Our strong financial position means we can make major investments simply and easily.
Reflecting a dynamic market
It is immensely important for a retail-focused real estate company to know its tenants’ markets. Because retail properties are highly sensitive to market dynamics, we are constantly updating our portfolio and creating new developments. By offering the right retail space in the right place with the right quality, we make sure we can satisfy the needs of our tenants.
Sustainability as a guiding principle
As a responsible property owner and developer, and a founding member of the German Sustainable Building Council, we feel duty-bound to increase the energy efficiency of buildings by incorporating the latest technology in our projects. The benefit is twofold, reducing the negative impact on the environment and cutting the energy bills of our tenants.
The green building strategy developed by Redevco Germany sets ambitious, concrete targets for future projects. The strategy is continually updated to enhance the long-term energy efficiency of the entire portfolio. Also, we design all our new projects as green buildings to ensure that our high quality standards include best practice in sustainable development.
One project of this type already successfully completed is the ECO-Store in Mainz, a C&A store originally built in the 1960s. The building was refurbished using state-of-the-art technology to cut energy consumption by over 50%. And since it is powered by renewable energy, the entire store is effectively carbon-neutral. This green building pilot project has received numerous awards and is the first redeveloped retail building in Europe to be rated “Very Good” under the strict international BREEAM assessment standard.
