Blog
Brussels, 2 February 2026 – 2025 was an active year for Revive. The project developer reinforced its pan-European upcycling strategy with a series of strategic acquisitions in Belgium, Portugal and Poland for the funds Restore and REIF, managed by Revive Fund Management. These transactions align with the group’s long-term vision: redeveloping outdated, underutilised or contaminated sites into sustainable, vibrant residential and working environments.
Belgium: redevelopment of the former Solvay site and Woluwe Garden
In Belgium, Revive Impact Fund acquired the former Solvay headquarters in Neder-Over-Heembeek. In December last year the purchase option was exercised for the site, which spans over 100,000 sqm. The former office, laboratory and industrial complex are being prepared for redevelopment into a dynamic campus, centred on production, innovation and R&D.
In addition, in 2025 Re-Store was launched, a new fund with institutional investor Patrizia as an anchor investor. This strategic partnership kicked off with the purchase of the former PwC office building, “Woluwe Garden”. The 20,000 sqm building is being redeveloped into a residential project with a commercial ground floor, situated in the green belt of Brussels.
Portugal: residential development in the heart of Porto
In Portugal, Revive Impact Fund acquired the Amieiro project from British private equity firm Round Hill Capital. The development comprises 422 residential units in the heart of Porto’s student district, a location with strong demographic and economic fundamentals.
Poland: expansion into Warsaw
In Poland, Revive is also extending its presence. In addition to existing activities in Poznań and Gdańsk, negotiations are currently being finalised for the acquisition of a historic building in central Warsaw, which will accommodate approximately 50 residential units.
Except for the Polish project, each acquisition represents a large-scale development of at least 20,000 sqm, spread across key European markets.
Consistent strategy, international focus
The common thread across all investments is a focus on strategic locations with clear regeneration potential, combined with a selective international approach.
“The current challenging market conditions require both discipline and vision. The Funds managed by Revive Fund Management focus specifically on undervalued locations with clear urban and economic potential, where we can create genuine added value through regeneration and leave a positive ecological and social impact. By investing across borders in markets where we have long-standing experience, we aim to achieve strong returns relative to the risks involved. For our investors, this means their capital is not only being deployed effectively, but also contributes to transforming contaminated land and outdated buildings into high-quality, liveable urban districts.”
In addition to Belgium, Portugal and Poland, Revive Fund Management is preparing to enter the Netherlands.
Focus on affordability and regeneration
Within the Restore fund, the emphasis is on improving housing affordability. In conversions of former office complexes into residential properties, at least 50% of units will be affordable.
The broader upcycling strategy of the REIF fund focuses on remediating and redeveloping contaminated land across Europe, with the aim of creating sustainable, integrated urban districts where living, working and leisure coexist.
Bernard Mercier
Chief Investment Officer
bernard.mercier@revive.be