Dutch property developer and investor Redevco has signed an agreement with Swiss electronic distribution firm Brack Electronics to sell a 5,510 m[sup]2[/sup] logistics centre in Brunegg for an undisclosed amount. In a statement, Redevco said that it is disposing of the last remaining logistics property in its Swiss portfolio. The company added that it will now sharpen its focus on retail property in city centres and in the country's major peripheral retail parks.
Dutch property developer and investor Redevco has signed an agreement with Swiss electronic distribution firm Brack Electronics to sell a 5,510 m2 logistics centre in Brunegg for an undisclosed amount. In a statement, Redevco said that it is disposing of the last remaining logistics property in its Swiss portfolio. The company added that it will now sharpen its focus on retail property in city centres and in the country's major peripheral retail parks.
Redevco has been active in the Swiss real estate market for several years and currently holds a portfolio consisting of 20 properties worth around EUR 400mln. Last year, the company acquired a retail property at a prime location in the centre of Yverdon and in early 2008 it purchased the Neumarkt III asset in the centre of Brugg.
