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Revive Fund Management and PATRIZIA unite in a new fund aiming to invest €75 million in the development of sustainable and affordable housing in the Benelux region.
Committed ESG companies
This strategic partnership unites two firms dedicated to positive community impact and enhanced ESG performance. This impactful investment strategy aims to repurpose outdated office buildings into approximately 1,000 affordable housing units across the Benelux, catering to lower-to-middle-income households while simultaneously upgrading local social infrastructure.
For more info about our impact strategy go to www.revive.world
About the partnership
Revive Fund Management, a certified B-Corp specializing in Benelux housing and PATRIZIA, a leading global real assets investor, have formed a €75 million fund to develop sustainable housing in the region. This partnership will repurpose outdated office buildings into high-quality, energy-efficient homes, addressing the critical shortage of affordable housing in the Benelux. Sustainability is paramount, with a focus on achieving EPC A ratings, zero operational carbon emissions, and ambitious embodied carbon reduction targets. Beyond environmental considerations, the fund will prioritize community well-being, fostering social engagement and addressing issues like social isolation. This initiative aligns with Revive’s impact strategy and fits the goals determined in our IRIS model.
Our partnership with Revive leverages their extensive expertise in the Benelux affordable housing market and sustainable construction. Together, we are committed to addressing the urgent need for high-quality, affordable housing for key workers, delivering impactful solutions where they are most needed. The platform has the potential to deliver real social value, as well as attractive risk-adjusted returns, strengthening our purpose of building communities and sustainable futures. The launch of this partnership marks an exciting next step in our ambition to house 7,500 people in affordable and social homes through our pan-European impact investment strategy.
In the current economic environment, the need for housing options that connect communities has never been bigger. Together with PATRIZIA, we aim to fulfil our ambition of addressing the ever-growing shortage of affordable housing in the Benelux. This strategy will set a benchmark for delivering environmentally and socially sustainable housing for a market segment that today is undersupplied.
Revive: A leading European ‘Brown to Green’ specialist
Revive is a European specialist in urban regeneration and brownfield development. Revive regenerates redundant assets into lively neighbourhoods with a focus on new ways of living and working. All Revive sites are climate-neutral in use and the climate impact is also minimized during the construction process. In addition, Revive invests in increasing biodiversity and in infrastructure to improve the physical and mental well-being of the site’s users. In recognition of its sustainable and transparent approach, Revive has been the first developer worldwide to be awarded the B-Corp label in 2012.
Since 2009 Revive has developed over 3.000 residential units and restored over 100 ha of nature. Revive Fund Management, acting as fund manager, is managing only SFDR Art 9 funds, maximizing positive impact and delivering the transition on the built environment.
PATRIZIA: A leading partner for global real assets
With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 41 years. PATRIZIA manages over EUR 55bn in assets and employs around 900 professionals at 27 locations worldwide. PATRIZIA has been making an impact since 1984 by helping children in need, since 1992 in close collaboration with Bunter Kreis (“colourful circle”) in Germany for the aftercare of children with severe diseases and since 1999 through its support for the PATRIZIA Foundation. The PATRIZIA Foundation has given more than 700,000 children and young people worldwide access to education, healthcare, and a safe home to the chance to live a better self-determined life over the last 25 years. You can find further information at www.patrizia.ag and www.patrizia.foundation
