Redevco has launched an open-ended European retail parks fund with approximately €500 million in cornerstone commitments at first close. The Redevco European Retail Parks Evergreen (RERP Evergreen) fund secured capital from institutional investors represented by CBRE Investment Management Indirect, alongside a co-investment from Redevco. The core/core-plus vehicle will target convenience-led retail parks and essential retail formats, using conservative leverage. It has already secured its first three assets in Belgium, Spain and the UK. RERP Evergreen builds on Redevco’s inaugural closed-end retail parks vehicle, which raised over €500 million in 2025 and has now committed 80% of its capital.
Source: IPE Real Assets on 2 Oct 2026
https://realassets.ipe.com/news/redevco-secures-500m-for-new-open-ended-european-retail-parks-fund/10138762.article