Megaproject Corp
Established in2024
Located inSeoul, South Korea
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Redevco Strengthens Leadership Team With The Appointment Of Veronica Gallo-Alvarez As Head Of Investment ManagementAMSTERDAM, June 13, 2024 – Redevco, one of Europe’s largest privately-owned real estate managers, has appointed Veronica Gallo-Alvarez as Head of Investment Management. Based in Paris and reporting to CEO Neil Slater, Veronica joins the Redevco leadership team, spearheading a function responsible for investment outcomes, transaction management and research & strategy. The appointment of Veronica is another step in Redevco’s ambition to further grow its real estate capabilities.
Neil Slater, Redevco CEO, said: “I am thrilled to welcome Veronica to Redevco. She is a fantastic investment professional bringing significant cross-sector industry experience. Veronica joins at an exciting time for the business. We are part of a wider ecosystem that has existed for over 180 years. We continue to evolve this fantastic real estate company with an even greater focus on creating amazing real estate outcomes for clients and being a force for good in the built environment.”
Redevco is on a growth pathway focused on four key strategies: redeveloping retail properties into vibrant mixed-use or best-in-class high street assets, expanding its significant retail warehouse park and distribution platform, growing its presence across the broader pan-European residential and ‘living’ space and special situation investments.Significant mixed-use projects are currently underway in London (Oxford Street), Paris (rue de Rivoli, Boulevard Haussmann) and Hamburg (Mönckebergstrasse) with material residential developments mostly in the Netherlands (Amsterdam and Rotterdam areas).The company recently launched Redevco Capital Partners, based in London, focused on special situation equity and debt opportunities in real estate markets, and Redevco continues to evolve globally its own proprietary portfolio.
Veronica Gallo-Alvarez, Redevco Head of Investment Management, said: “I am excited to be joining Redevco at such an exciting time. It is fantastic to have an opportunity to help deliver real performance outcomes for clients in an organisation that has environmental and societal impact at the heart of all its activities through its “force for good” ethos. Redevco has a pioneering and distinctive approach to enhancing urban liveability and sustainability, demonstrated with its high-quality proprietary real estate portfolio spanning European markets. I look forward to working with Neil and the team to help further expand and strengthen the portfolio.”
Veronica is Redevco’s fourth key hire in 2024 with Sasha Silver joining in January as Redevco’s Head of Global Client Group and Mark Beaumont as Managing Director Redevco Capital Partners. More recently the company also attracted David Garden as Chief of Staff.
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Jun 13, 2024
Megaproject Corp
Redevco To Refurbish Oxford Street Building With Net Zero Carbon AmbitionLondon, 18 April 2024 – Redevco is to refurbish its retail and office building at 376-384 Oxford Street, central London to create new space that will be net zero carbon in operation and deliver a leading example of modernised existing stock for the world-famous street.
The urban real estate and regeneration specialist has appointed Faithdean as principal contractor, with TFT as project manager, to carry out a major refurbishment.
The building, opposite Bond Street underground station, is one of the few ‘island’ properties on Oxford Street.
Re-built in the 1950s, the building has housed C&A and most recently GAP, with the 4th, 5th and 6th floors let and occupied as offices.
In the same ownership throughout its lifetime, the building is set to receive a comprehensive refurbishment. The 2nd and 3rd floors will be converted to office space, providing approximately. 1800 sq m of new CAT A+ office accommodation. Retail space will be provided at basement, ground and first floor with the new store retaining the existing triple-height frontage.
The offices, accessed from 1 James Street, will benefit from air quality sensors, tech-led waste management and a new building management system which all contribute to a building that will be Net Zero Carbon in operation, with a target of Well Platinum rating for all office floors in the building – including those still occupied.
They will also have new cycle storage and changing facilities and an extended reception area leading to a new first floor co-working lounge – the Green Room – with bookable meeting rooms and conference facilities. New male, female and gender-neutral WC facilities are added to the building, with a multi-faith/quiet room and roof garden just some of the new services available to the office tenants.
“Where better than Oxford Street to undertake such an investment” said Chris Baker, UK Portfolio Director for Redevco.
“This project is a once in-a-generation opportunity to make a significant change to a building that had been in our client’s ownership for over 70 years. It has been key for us to refurbish and re-use what we have, focusing on our carbon footprint, whilst undertaking the change required to suit the needs of occupiers into the future. We have worked closely with our existing occupiers, neighbours and local stakeholders to minimise disruption and deliver maximum impact for good for this area of the West End. Very much in line with our corporate mission to make cities more liveable and sustainable, I look forward to seeing the project finished in 2025”.
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Apr 19, 2024