Patrizia and Revive Fund Launch €75 Million Housing Initiative in Benelux
Deal News | Jan 14, 2025 | Patrizia
PATRIZIA, in collaboration with Revive Fund Management, has announced a strategic partnership aimed at investing €75 million into converting obsolete office spaces into sustainable and affordable housing within the Benelux region. This sizable investment will focus on the redevelopment of existing structures to address housing shortages while emphasizing sustainability. The initiative reflects a growing trend in real estate investment where traditional office spaces are repurposed to meet dynamic market demands and contribute to broader ecological goals.
Sectors
- Real Estate
- Sustainable Development
- Private Equity
Geography
- Benelux – The investment and development project is specifically targeted at the Benelux region, which consists of Belgium, Netherlands, and Luxembourg.
Industry
- Real Estate – The partnership between PATRIZIA and Revive Fund Management focuses on the repositioning of real estate assets, specifically converting office spaces into residential housing.
- Sustainable Development – This investment emphasizes sustainability by transforming obsolete office spaces into eco-friendly and affordable housing, aligning with sustainability trends in urban planning.
- Private Equity – PATRIZIA's role as a private equity firm highlights the investment aspect in transformative real estate projects in the Benelux region.
Financials
- €75 million – The total investment amount pledged by PATRIZIA and Revive Fund Management for the project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PATRIZIA | Investment Firm | Company | A real estate investment firm focused on sustainable development. |
| Revive Fund Management | Partner and Co-Investor | Company | Asset manager partnering with PATRIZIA to focus on sustainable housing projects. |