International retail property specialist Redevco has won two awards at the IPD European Property Investment Conference 2011.
International retail property specialist Redevco has won two awards at the IPD European Property Investment Conference 2011.
Redevco Spain and Switzerland both received an award for achieving the highest total return relative to the appropriate national sector benchmark annualised over three years to December 2010 for the specialist fund category in Iberia and Switzerland. IPD defines a specialist fund as one which invests at least 70% of its capital in a portfolio of predominantly direct real estate holdings in a single main sector of the relevant national market.
Redevco said in a statement that the awards had to be considered in the context of the market environment. 'While 2010 has been a year of recovery for commercial property markets, the preceding years were among the toughest in the history of real estate. To win an award - to outperform the market - amid the turmoil of such an environment is a testament to the risk management, investment strategy and shrewd stock-selection policy of Redevco,' the company said.
Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at EUR 7.4 bn. The portfolio comprises over 750 properties in top locations throughout 18 countries.
Click on the link below for the full list of winners at the 2011 European Property Investment Awards.
