In the run-up to the signing of the LPA and accompanying documentation, a challenging and time-sensitive structuring process took place with an aim of finding the most beneficial vehicle structure from both a regulatory, corporate and tax perspective. Ultimately, this led to a structuring in which the joint-venture vehicle has the form of a Dutch CV while the Redevco management company is located in the UK.
Redevco is a pan-European retail real estate investment management company with key offices located in the UK and the Netherlands. As part of its expansion strategy, Redevco is looking to increase its presence as a real-estate and asset manager in the European market. PGGM Vermogensbeheer B.V. is a large institutional manager and has invested in the joint-venture through its collective vehicle PREF (mainly including pension-fund investors).
Team: Kees Groffen, Mariska Enzerink and Wiebe Dijkstra.
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