European retail property specialist Redevco plans to scale down its investment activity on balance in the coming year, CEO Jaap Blokhuis told the annual PropertyNL forum in Amsterdam on Tuesday. 'We are seeking to sell a few hundred million worth of assets and to buy a similar amount of new property. Overall, we will probably see zero growth.' Redevco's EUR 7.6 bn property portfolio will also be hit by downward valuations, Blokhuis added.
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