The purchase of a 16-property retail park portfolio from Oxford Properties solidifies Redevco’s position as a leader in the European retail property market.
Redevco has made a significant move in the retail property sector by acquiring a 16-property retail park portfolio from Oxford Properties for £518 million. This transaction not only cements Redevco’s position as a key player in the market but also aligns with its strategic ambition to become one of Europe’s largest retail park asset managers. The portfolio, originally assembled by Oxford Properties through the M7 Real Estate specialist platform, includes a diverse mix of retail parks across the UK. With this acquisition, Redevco’s pan-European portfolio now encompasses nearly 200 retail park assets, with a gross asset value approaching €5 billion (~£4.1 billion). These assets span multiple key markets, including Belgium, Germany, Spain, and the UK.
The portfolio itself comprises high-quality retail destinations such as Imperial Retail Park in Gravesend, Chelmer Village Retail Park in Chelmsford, Pompey Centre in Portsmouth, West One Retail Park in Manchester, and Parc Pemberton in Llanelli. These locations reflect a strong focus on tenant quality and asset performance, ensuring robust long-term value for investors. David Ebbrell, CEO of M7 Real Estate, highlighted the foresight involved in building this portfolio, emphasizing how their team identified value in the retail warehouse sector and executed strategies to enhance both income and asset performance.
The transaction, facilitated off-market by Glenlyon Real Estate with advisory support from Staunton Whiteman, CSP, and McMullen Real Estate, marks a pivotal moment for Redevco. Savills represented Oxford Properties and M7 Real Estate in the deal. This acquisition not only strengthens Redevco’s presence in the UK but also represents a strategic leap forward, solidifying its position in a resilient and evolving retail property landscape.
