European retail property specialist Redevco intends to build a EUR 3-4bn portfolio in Asia over the next five years, CEO Jaap Blokhuis told the Provada property fair in Amsterdam on Tuesday. Redevco owns and manages a property portfolio, valued at EUR 7.6bn, in 20 European countries. Redevco opened an office in Hong Kong in May to drive its activities in Asia. The office is led by Robert Lie.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
