The real estate investment trust industry in Benelux is a dynamic sector that focuses on various property assets, including residential, commercial, and logistics spaces. Companies within this industry range from large established firms to innovative startups, offering a variety of investment vehicles and opportunities tailored to market needs. Recent homeownership trends and the rise of e-commerce have pushed logistics and flexible living solutions to the forefront. Sustainability also plays a crucial role, with many investors prioritizing eco-friendly developments to meet growing demands. As the market evolves, adaptability and a strategic focus on technology and sustainability will be vital for success.


The featured investors reflect a mix of corporate and venture capital types, based primarily in Luxembourg, Belgium, and the Netherlands. Spanning a range of sizes from small groups of 1-10 employees to large firms exceeding 10,000, most have been active since 2016 or earlier, showcasing a wealth of experience in real estate investment. In 2024, they completed various transactions, with notable focus on sustainability and technology. Altogether, these investors represent a robust connection to the real estate investment trust market, strategically positioning themselves in emerging opportunities across the Benelux region.


Top 11 Real Estate Investment Trust Investors in Benelux


1. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In recent years, the EIB has been involved in several notable transactions within the real estate sector, particularly focusing on sustainability. For instance, it signed a €150 million financing agreement with Vesteda to improve the sustainability performance of existing homes and to purchase new affordable residential complexes. Additionally, the EIB participated in debt financing for other real estate entities such as Prologis, CTP, and SATO, indicating its active role in supporting real estate investment trusts and related projects. These transactions highlight the EIB's commitment to financing initiatives that promote growth and sustainability in the real estate market.


2. AMAVI Capital

  • Website: amavi.capital
  • Type: Venture Capital
  • Headquarters: Nazareth, Flanders, Belgium
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: amavi-capital

AMAVI Capital is a venture capital firm based in Nazareth, Flanders, Belgium, founded in 2020. The firm specializes in investing in businesses that are radically reshaping the built world, with a strong focus on PropTech and ClimateTech. AMAVI Capital connects traditional real estate leaders with innovative startups, creating strategic opportunities for growth. In 2022, they participated in a Series A funding round for Heimkapital, raising over $11 million, which indicates their active engagement in the real estate sector. Additionally, they have been involved in transactions like CASAFARI, which focuses on a buy-to-let strategy in residential and commercial real estate, further demonstrating their relevance in the real estate investment landscape. Their investment management services cater to companies in both the real estate and technology industries, highlighting their dual focus on innovation and traditional real estate practices.


3. VentureFriends

  • Website: venturefriends.vc
  • Type: Venture Capital
  • Headquarters: Netherlands
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: venturefriends

VentureFriends is a venture capital firm based in the Netherlands, founded in 2016. The firm specializes in early-stage investments, particularly in sectors such as FinTech and PropTech. They provide financial backing and strategic support to ambitious founders, helping them build scalable businesses. Notably, VentureFriends has been involved in significant transactions within the real estate context, including investments in Blueground, which raised a total of $140 million in Series C funding in 2021 and focuses on providing furnished apartments for short to medium-term rentals. Additionally, they led a funding round for Home Made, a London-based online lettings agency, which raised £2 million to expand its offerings and technology. These transactions highlight VentureFriends' active role in the real estate sector, particularly through technology-driven solutions.


4. Ingka Investments

  • Website: ingka.com
  • Type: Corporate
  • Headquarters: Leiden, South Holland, Netherlands
  • Founded year: 2018
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: ingka-investments

Ingka Investments, a corporate investor based in Leiden, South Holland, Netherlands, is part of the Ingka Group, which operates IKEA stores and shopping centers globally. Founded in 2018, Ingka Investments focuses on providing affordable home furnishings and planning services while managing investments to support its long-term growth and sustainability goals. Notably, Ingka has participated in significant funding rounds that align with real estate interests, such as a $20 million investment in Ori, a company that develops robotic furniture systems and collaborates with architects and builders on urban housing projects. This involvement highlights Ingka's commitment to innovative solutions in the housing sector. Additionally, their investment in Urban Jungle, an insurance technology startup, further indicates their interest in sectors that intersect with real estate, as it aims to scale its home insurance business in the UK. Overall, Ingka Investments demonstrates a strategic approach to investing in areas that can enhance its core retail operations and contribute to sustainable urban development.


5. 7GC & Co

  • Website: 7gc.co
  • Type: Corporate
  • Headquarters: Luxembourg
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: 7-global-capital

7GC & Co. is an investment management firm based in Luxembourg, founded in 2016, specializing in growth-stage internet businesses. The firm manages approximately $400 million in assets and focuses on facilitating access to European markets for US tech companies. Notably, 7GC & Co has been involved in significant transactions within the real estate sector, particularly with Roofstock, an online marketplace for buying and selling rental homes. They participated in Roofstock's Series D funding round in January 2020, contributing to a total of $133 million raised, and also took part in a Series E funding round led by SoftBank Vision Fund 2 in March 2022, which valued the company at $1.94 billion. These transactions highlight 7GC & Co's engagement in the real estate investment space, particularly in the rental market, which is relevant to the real estate investment trust industry.


6. Immobel

  • Website: immobelgroup.com
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1863
  • Headcount: 51-200
  • LinkedIn: immobel

Immobel is a corporate real estate development company based in Brussels, Belgium, founded in 1863. The company specializes in sustainable and high-quality projects across Europe, focusing on residential, office, and mixed-use properties. Immobel caters to both individual consumers and businesses seeking urban living and working spaces, emphasizing sustainability and urban transformation in its operations. Notable transactions include the acquisition of Leeds Office Park for £30 million, marking a significant expansion into the UK market, and a 30% stake in Urban Living Belgium NV, which allows them to jointly control 100% of the former Land Invest Group, enhancing their development portfolio in Belgium. Additionally, they acquired Thomas S.A., which owns an administrative building in Luxembourg, further diversifying their real estate investments.


7. Altisource

  • Website: altisource.com
  • Type: Corporate
  • Headquarters: Luxembourg, Luxembourg, Luxembourg
  • Founded year: 2009
  • Headcount: 1001-5000
  • LinkedIn: altisource

Altisource is a corporate service provider based in Luxembourg, specializing in mortgage and real estate solutions. Founded in 2009, the company offers a comprehensive range of services including asset management, mortgage fulfillment, and auction platforms aimed at helping lenders and real estate investors streamline operations and mitigate risks. Notably, Altisource has made significant acquisitions to bolster its presence in the real estate sector, including the acquisition of Equator, LLC for $70 million, which enhances its position in the real estate and mortgage industries. Additionally, the acquisition of Owners.com, an online real estate marketplace for approximately $20 million, demonstrates Altisource's commitment to integrating technology into real estate transactions. These strategic moves reflect Altisource's focus on supporting real estate investment activities, making it a relevant entity in the real estate investment trust context.


8. Volta Ventures

  • Website: volta.ventures
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: volta-ventures

Volta Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2014. The firm specializes in seed and early-stage investments, primarily focusing on technology-driven companies within the Benelux region. Their investment strategy emphasizes support for startups in sectors such as FinTech and HealthTech. Notably, Volta Ventures has participated in funding rounds for Nodalview, a Belgian proptech startup that has raised significant capital to enhance its offerings within the real estate value chain. This includes a €4 million investment round in December 2022 and a Series A funding round of €4.1 million in November 2020, showcasing their commitment to supporting innovation in the real estate sector. Additionally, they have invested in Blanco, another startup, indicating a broader interest in technology solutions that may intersect with real estate applications.


9. TMF Group

  • Website: tmf-group.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1988
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: tmf-group

TMF Group B.V. is a professional services firm based in Amsterdam, Netherlands, founded in 1988. The company specializes in providing critical administrative services, including accounting, tax, HR administration, and global payroll services, to a diverse clientele that includes corporates and financial institutions. In recent years, TMF Group has made several strategic acquisitions to enhance its service offerings. Notably, the acquisition of Gentoo Holdings Limited in 2017, a fund administration services provider, is significant as it strengthens TMF Group's capabilities in the private equity and real estate sectors. Additionally, the acquisition of Vasco Trustees in 2024 further indicates TMF Group's commitment to expanding its fund services, which can be beneficial for real estate investment trusts. These transactions highlight TMF Group's active role in the real estate investment trust context, making it a relevant player in the industry.


10. Adevinta

  • Website: adevinta.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 5001-10000
  • LinkedIn: adevinta

Adevinta is a digital marketplace company based in Amsterdam, Netherlands, founded in 2019. It operates a suite of online classifieds platforms across Europe, connecting consumers and businesses through services in re-commerce, real estate, mobility, and job listings. Adevinta's platforms attract millions of users monthly, facilitating transactions and promoting sustainable commerce. Notably, Adevinta has made strategic acquisitions in the real estate sector, including the purchase of Inmoweb, a leading real estate CRM in Spain, in February 2023, aimed at enhancing its real estate management tools. Additionally, in November 2023, Adevinta acquired Witei, another real estate CRM provider based in Madrid. These transactions highlight Adevinta's commitment to expanding its footprint in the real estate market, reinforcing its relevance in the context of real estate investment trusts.


11. WDP - Warehouses with brains

  • Website: wdp.eu
  • Type: Corporate
  • Headquarters: Meise, Flanders, Belgium
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 5
  • LinkedIn: wdp

WDP - Warehouses with brains, founded in 1999 and based in Meise, Flanders, Belgium, is a corporate investor specializing in logistics real estate. The company focuses on providing tailored warehouse solutions, including warehouse rental, build-to-suit options, and brownfield redevelopment, aimed at enhancing operational efficiency for clients in the logistics sector. In 2024, WDP was involved in several significant transactions, including multiple post-IPO equity raises for Catena, where they invested substantial amounts, indicating a strong commitment to the logistics real estate market. Notably, WDP's wholly owned subsidiary, WDP Invest NV/SA, acquired a 9.09% stake in Catena, further solidifying their position in the real estate investment landscape. Additionally, WDP made an acquisition of Doraly in April 2024, showcasing their active role in expanding their real estate portfolio.



Real Estate Investment Trust Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
AMAVI CapitalNazareth, Flanders, Belgium11-5020203
VentureFriendsNetherlands1-1020168
Ingka InvestmentsLeiden, South Holland, Netherlands51-20020184
7GC & CoLuxembourg1-1020162
ImmobelBrussels, Brussels, Belgium51-20018630
AltisourceLuxembourg, Luxembourg, Luxembourg1001-500020090
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144
TMF GroupAmsterdam, North Holland, Netherlands10001+19885
AdevintaAmsterdam, North Holland, Netherlands5001-1000020190
WDP - Warehouses with brainsMeise, Flanders, Belgium51-20019995


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