Realdania joins Revive Fund Management and Patrizia’s Re-Store fund to transform vacant offices into housing across the Benelux

Revive Fund Management, the fund management arm of the Revive group, and Patrizia have held their final close of Re-Store, a real estate fund focused on acquiring and transforming vacant and obsolete office buildings, by welcoming Realdania.

The fund addresses a structural imbalance in European cities between rising demand for affordable housing and a growing stock of underutilised office space. It targets the delivery of approximately 1,000 new homes through the adaptive reuse of existing buildings rather than new-build development.

By prioritising refurbishment over demolition, Re-Store aims to significantly reduce embodied carbon and material consumption while delivering high-quality housing in well-connected urban locations. The fund is structured to meet high sustainability standards, including strong energy performance requirements and alignment with SFDR Article 9.

Revive Fund Management’s expertise in impact-driven fund management, together with Revive Group’s European track record in affordable housing development, is combined with Patrizia’s international institutional real estate platform and investment capability, enabling scale and execution across the region.

Beyond environmental impact, the fund also aims to support more inclusive urban development by improving the quality and accessibility of housing in regenerated districts.

Realdania’s investment in the Re-Store fund reflects its mission to improve quality of life through the built environment, supporting initiatives that combine financial returns with measurable impact in sustainability, urban development, and resource efficiency.