Revive is 1 of the 10 finalists nominated for the 2020 ULI Europe Awards for Excellence!
Revive is 1 of the 10 finalists nominated for the 2020 ULI Europe Awards for Excellence! A clear example that 'walk the talk' is appreciated!
In these tough times where the entire real estate scene talks about sustainability, social responsibility and affordable housing, Revive is today already recognized by an independent and professional jury for its pioneering role in urban regeneration and reconversion. We delivered a Future proof project already in the course of 2019 and didn’t need a Covid 19 wake-up call.!
Our mission to tackle complex urban regeneration projects, and turn brownfields into future proof, carbon free and connected development schemes, is more than just phrase on our website or a marketing tagline. We tackle societal challenges and bring solid solutions.
"We make places to live, work and love, and are passionate about being the change our society needs. We built society… and we got nominated for 2020 ULI Europe Awards for Excellence as the only Belgian real estate development finalist with our project EKLA in Sint-Jans-Molenbeek!"
You can compare the 2020 ULI Award for Excellence to the Oscars of Future proof real estate.
ULI Europe Awards for Excellence recognize outstanding urban development projects in the private, public and non-profit sectors, located in the EMEA countries.
Finalists include mixed-use projects as well as residential, office, arts & culture and other initiatives, and must demonstrate excellence in a particular area such as affordable housing, social value, climate change, resilience, sustainability, life sciences, repurposing, creative placemaking, arts & culture and community engagement.Read more about the award here
About The ULI
The Urban Land Institute is a nonprofit research and education organization. Founded in 1936, the ULI now have over 40,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service.
A multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among industry leaders and policy makers dedicated to creating better places.Read more about the ULI
About our project EKLA
EKLA is a first but major phase of an audacious remediation, repurposing and upgrading project in the municipality Sint-Jans-Molenbeek, the second poorest city in Belgium. The district had the potential for major improvement but needed massive investment. Thanks to the public investment in upgrading the train/metro/tram and bus hub next doors, the neighborhood had intrinsic opportunities. However, Molenbeek had and still has a lot of challenges.
The former brewery was abandoned and partly demolished in the eighties. Revive acquired a first part of +6.000 m² vacant but contaminated land and turned it into a high density , mixed use site where live, work, play and learn harmoniously blend together. Most importantly, 50 % of the residential units are social housing and the program adds a kindergarten and primary school. Finally a part is developed by a public agency for the affordable acquisition market.
In the 18 level residential tower 92 private units were sold to private households and investors. Part of the units are hold by a Revive investment fund under the co-living brand Hejme and rented including energy costs and other services in a “housing as a service” concept. The state regulated rent units were acquired by a social REIT set up by Revive. This REIT Inclusio will list on the Brussels stock market in Q4 2020.
The 24.000 m² project changes the face of the neighborhood and brings local and new residents together. The local grocery store, amenities and services bring the community to live and revive the atmosphere. The complex becomes a living machine bringing the deprived area back to live.
Finally, Revive acquired a second phase and is planning a technical secondary school (Molenbeek has one of the highest rates of workless young people) and another 100 residential units under the Hejme co-living brand. The 700 student school brings much needed high level technical education to the region where school dropouts are massive. This phase of the project should be delivered in 2023.Click here for more information about EKLA (dutch/french)