Hamburg-based Reneo, a single-source solution for cost-efficient, large-scale decarbonisation of residential real estate, today announced it has amassed a €600 million capital platform to identify and realise the ecological and economic potential of stranded real estate assets.
As a result of the residential market gaining momentum and a robust outlook offering compelling investor value, Reneo are announcing the formation of an asset management and operating joint venture with Peakside Capital, an independent, owner-operated real estate investment manager. This partnership comes in addition to an existing senior financing arrangement Reneo has in place with Goldman Sachs.
“We are investors in mind – climate stewards at heart,” says Founder and Co-CEO Lennart Börner. “Reneo is the only player tackling decarbonisation with a holistic lens, turning climate challenges into investor opportunities. With Germany’s real estate sector ripe for transformation, we see immense potential to drive both climate impact and economic value.”
Reneo was founded by Lennart Börner and Alexander Graubner-Müller, who manage the company as Co-CEOs. The platform now has around 100 employees at five German locations, working primarily in the areas of software development, investments, renovation and asset management.
Reneo offers real estate asset management whilst leveraging its expertise in software technology to deliver a programmatic and standardised approach to decarbonisation, enhancing the value of residential assets through sustainable development serving both retail and institutional customers for single-unit and multi-family assets.
Through the new joint venture, Reneo will partner with Peakside to deploy around €500 million in debt and equity to upgrade and enhance the energy efficiency of multi-family houses. Reneo will leverage its real estate expertise and technology-led, programmatic approach to comprehensively modernise buildings with poor energy efficiency in a scalable and cost-efficient way, lowering their carbon footprint and energy consumption, while supporting cost savings for tenants.
At the same time, it will convert under-utilised spaces into modern, efficient living environments that meet growing demand for housing.
Reneo argues that despite the significant interest from institutional capital to invest in green buildings, there is a lack of suitable supply. With more than 50% of all residential assets in Germany rated as energy efficient poor (EPC rating E or worse), Reneo sees a significant opportunity in the brown-to-green transition of the existing building stock.
Reportedly achieving up to 30-60% reduction in energy consumption, Reneo’s technology-driven solution significantly lowers operational costs for asset owners and tenants.
Reneo’s end-to-end management platform, the Reneo Core System (RCS), analyses a vast array of property data and uses machine learning to identify in a matter of seconds the best transformation strategy for each asset, optimising factors such as energy savings potential, construction costs, government subsidies and associated economic uplift.
Founder and Co-CEO Alexander Graubner-Müller adds: “Our end-to-end solution streamlines the entire green building journey and combined with our outstanding track record, makes us the go-to partner for those who want to maximise both sustainability and returns. We are excited to team up with such strong partners who share our vision for a greener future.”
Since 2020, Reneo has bought and sold well above €500 million of assets across its platform. In 2024, Reneo successfully invested over €200 million, further solidifying its presence in the real estate sector. Highlights include the acquisition of more than 600 units totalling roughly 40k sqm in Berlin and Hamburg.
Boris Schran, Partner at Peakside, commented, “Real estate is one of the few remaining sectors where the challenge of decarbonisation and meeting net zero targets is yet to be fully addressed. After a thorough market screening in order to find the best partner for this endeavour, we are excited to partner with Reneo’s state-of-the art technology and real estate management expertise to meet this challenge, and return to the sector with positive sentiment.”
Pierre Devillard, Partner and Raphael Cattan, Investment Director at Eurazeo, said: “Our strategic investment in Reneo through the Smart City Fund II aligns with our commitment to drive tech-enabled sustainable and innovative urban transformation solutions with high growth potential. We are excited to partner with Reneo in their endeavour to streamline the process of decarbonising real estate holistically. We hope to support Reneo in bringing its unique technology across Europe in the coming years.”
Additionally, Reneo has secured €45 million in equity financing from European investment funds such as Eurazeo, Lakestar and Foundamental, the family businesses Goldbeck and Bauwens as well as business angels like Stefan Wiskemann and Fabian & Ferry Heilemann. The funds were raised through several capital increases: while the most recent Series B financing round was led by Eurazeo, Lakestar took the lead in the previous Series A.
Read the orginal article: https://www.eu-startups.com/2025/02/reneo-secures-e600-million-capital-platform-for-the-decarbonisation-of-germanys-residential-real-estate/
