Pan-European urban real estate specialist Redevco is targeting a residential development pipeline of 10,000-plus units for its new living platform over the next 10 years.
The firm said it would work together with like-minded investors to achieve the goal, which is in line with its mission to make cities more sustainable and liveable.
The plans follow on from the creation last year of Redevco Living, a pan-European residential asset management platform formed from combining the housing projects of Dutch residential specialist LIFE Europe, acquired in 2023, with Redevco’s own residential assets.
If realised, the 10,000+ new units would double the size of Redevco’s current housing portfolio with projects in 11 cities in the Benelux, UK and Germany, placing the company in the top ranks of European residential managers.
Steven Zeeman, managing director of Redevco Living, said: ‘One of the biggest challenges facing European societies is the severe shortage of modern, affordable, and sustainable residential supply in our cities in the face of soaring demand. The housing crisis leads to growing inequality, delayed family formation for young people unable to find homes and increased political polarisation fed by the perception of widening social injustice.
‘By targeting the root cause of the problem through boosting residential supply in European markets, Redevco is fulfilling its core mission of making cities more sustainable and liveable and also creating compelling opportunities for investors.’
Some 5,000 units are currently already under development, or in the pre-development phase. Projects in the longer-term include 2,000 units to be developed at Redevco retail warehouse parks in Belgium. This forms part of the residential ‘densification strategy’ within Redevco’s Retail Warehouse Park asset management platform. The Spanish market, where Redevco has had a strong presence for many years, is also on the radar.
