Redevco

Redevco is a real estate asset management company. Recently, Redevco has been in the news due to changes in its ownership structure related to its ownership of the Mercado de San Miguel in Madrid. Previously, Redevco Iberian Ventures, a joint venture between Redevco and funds managed by Ares Capital, owned the market. Ares Capital has now sold its 75% stake in Redevco Iberian Ventures to the Brenninkmeijer family, the Dutch billionaires who own the C&A clothing chain. This means that while Redevco remains the formal owner of the Mercado de San Miguel, the Brenninkmeijer family now effectively controls the asset through their full ownership of Redevco Iberian Ventures. This development is significant due to the high profile and success of the Mercado de San Miguel as a popular tourist destination and culinary hotspot in Madrid.