Andrew Vaughan, CEO, Redevco
Redevco is ’embarking on an ambitious growth programme to expand European AUM by a third to €10 billion over the next five years’ according to Andrew Vaughan, CEO of Redevco in an interview with Richard Betts of Real Asset Media. The growth strategy will be driven by the further opening up of its pan-European investment platform to like-minded investors and will see Redevco extend it’s drive into new real estate sectors.
The focus of the strategy will be to build a broader based portfolio within urban mixed-use. Having recently gone beyond retail into residential assets, the expansion will see a move into other property sectors, such as offices and ‘last mile’ logistics.
The growth strategy is still very anchored in Redevco’s sustainability framework. Growth for Redevco means sustainable growth, as the company has been at the forefront of change, setting itself high targets and signing up to the carbon neutral agenda. ‘It is not just about what we do with the existing portfolio but also about future growth,’ Andrew Vaughan says. ‘With our programme Mission2040, we have committed to making our entire portfolio net zero carbon by 2040. With 300 assets to work through it will take time.’
Interviewed by Richard Betts of Real Asset Media in London, February 2020 © Real Asset Media 2020
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