European property firm Redevco and its shareholder Cofra Holding have named Neil Slater as the company's new chief executive officer, taking over from Andrew Vaughan in October this year.
Vaughan is stepping down as CEO after 20 years of leadership at Redevco, where he introduced the liveable cities strategy which resulted in greater diversification and, for the first time, the addition of third-party capital.
Last year, he led Redevco’s acquisition of a majority stake in redos, the Hamburg-based firm, creating one of Europe’s largest retail warehouse park platforms.
Boudewijn Beerkens, CEO of Cofra Holding, commented: ‘I am pleased to welcome Neil as Redevco’s new CEO. Neil has a proven track record of growing assets under management and attracting external investors in a multi-asset environment, which fits with Cofra’s strategy to attract more like-minded third-party capital to our investment strategies.’
Slater will join Redevco from abrdn where, as global head of real estate and real assets, he leads a real assets business that grew assets under management to £50 bn. He has held leadership roles in London, Zurich, Tokyo, and Edinburgh with abrdn, Standard Life and Man Group.
Slater said: ‘I am proud to join Redevco at such a pivotal moment in its growth trajectory. As the world’s population continues to grow, and climate change impacts our environment, Redevco through both its capabilities and the wider Cofra group, has a crucial role in making cities and urban areas healthier, more sustainable, and liveable. I passionately believe that purpose and performance must go together, so I am thrilled to be joining a company that is dedicated to aligning its clients’ interests with a mission to effect positive change.’
Vaughan commented: ‘I feel incredibly privileged to have led Redevco, and I want to thank everyone at Cofra and Redevco for their support since I joined the company in 2000. After almost 12 years as CEO, with major milestones behind us and having repositioned Redevco as a multi-client, multi-strategy real estate manager, now is the right time to hand over to Neil who I am convinced will do a superb job in steering Redevco forward.’
