Revive and Quares Residential Investment join forces at Schaarbeek station
Quares Residential Investment has joined the capital of Immomench through a phased acquisition of shares in Immomench from developer Revive.
Quares Residential Investment has joined the capital of Immomench through a phased acquisition of shares in Immomench from developer Revive.
Quares Residential Investment (hereafter: QRI) and Revive jointly announce today that QRI has acquired a stake in Immomench, a company owned by the Good Life Development Fund and Good Life Investment Fund. This strategic partnership marks a significant step in the development of an innovative residential real estate project aligned with QRI's investment strategy: a fossil-free product contributing to a future-proof real estate portfolio.
The Immomench project involves the construction of a sustainable residential building within walking distance of Schaarbeek station. Specifically designed by Revive for the rental market, the project features three buildings offering a diverse range of living options, including smaller and larger apartments as well as duplexes, each with a private terrace. Some units will be designated for co-living. At the heart of the complex is an expansive, green courtyard of 2,500 sqm, designed as a meeting place and oasis of tranquility for residents. Scheduled for completion in 2026, this project underscores the shared vision of Quares Residential Investment and Revive: creating sustainable and high-quality living solutions that address today’s and tomorrow’s needs.
“This project reflects the current demands of the rental market and demonstrates our ability to stay attuned to market trends,” said Matthias Roelandts, Asset Manager at Quares Residential Investment. “We are pleased to see that Revive shares our vision and that we can jointly implement it in this project.”
Upon completion of the building, Quares Residential Investment will acquire the remaining shares in Immomench from Revive, adding the property to its residential portfolio. This agreement reflects both companies’ shared ambition to create sustainable value in the residential real estate sector.
Romeo Mercken, CEO of Quares Investment Services, added: “With the addition of this project to our portfolio, we are further building a portfolio fully aligned with our investment strategy for 2030. We are pleased that Revive, as a pioneer in sustainable development, has also addressed the changing ways of living in the design of this built-to-rent project.”
Alexandre Huyghe, CEO of Revive, commented: “The collaboration with Quares on our project in Schaarbeek is the icing on the cake after an intensive preparation phase. This project,specifically designed for the rental market and combined with this partnership, demonstrates strong interest from investors. It marks the beginning of the transfer of a series of Brussels rental projects that Revive is developing with a view to selling to institutional investors.”
This partnership highlights both parties' commitment to delivering high-quality, affordable and sustainable residential projects within the real estate sector.
About Revive
At Revive, we use project development as a force for change. Climate change, environmental degradation, housing shortages and social isolation are major challenges of our time. We address these by breathing new life into urban grounds and properties. Our goal? Creating sustainable neighborhoods that leave a lasting positive impact on people and the planet.
We specialize in transforming neglected and unused sites and buildings that are often overlooked. By redeveloping these spaces, we make them valuable again, turning them into dynamic, future-proof neighborhoods centered on living, working and community.
At Revive, we go beyond the standard. We consciously choose sustainable solutions that exceed current legislation and norms. Our approach revolves around action, innovation and taking responsibility for our planet’s future.
Since our inception in 2009, we have been guided by ESG principles (Environmental, Social,Governance), long before they became the norm. This commitment makes us a pioneer in the real estate sector. For us, it’s not just about building but about inspiring and leading by example.
We believe in the power of collaboration. That’s why we invite partners, investors and stakeholders to join us in shaping the future of urban development and building a better tomorrow together.
Learn more at www.revive.be.
About Quares
Founded in 2022, Quares Residential Investment offers a form of private paper real estate investment. QRI focuses on sustainable, high-quality and affordable housing accessible to abroad audience in the Belgian rental market. QRI rents out high-quality new-build or renovated apartments in Belgium, particularly in areas where living, working and leisure converge. Energy-efficient properties reduce energy costs for tenants, leaving them with more disposable income for rent and keeping overall housing costs under control.
For more information, visit www.qrinvest.be.