Reneo, a Hamburg-based tech and asset management platform, has raised €600 million to enable the decarbonisation of residential real estate. The funds will target the potential of 'stranded assets', integrating technology with real estate management. Major investors include Eurazeo and Lakestar, with strategic funding aimed at supporting Reneo's ambition to develop sustainable solutions across Europe. Additionally, Reneo has partnered with Peakside Capital for a joint venture to invest €500 million in modernizing energy-inefficient buildings, further contributing to the EU's aim of emission-free buildings by 2050.
Our strategic investment in Reneo through Smart City Fund II is in line with our commitment to drive technology-based sustainable and innovative solutions for urban transformation with high growth potential.
We are delighted to support Reneo in its ambition to optimise the process of holistic decarbonisation of real estate and roll it out across Europe in the coming years.
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