The first closing has been completed for the Duodev 2 fund, launched by the Mestdagh and Patrick Mulliez families, which offers investments in European real estate projects developed by Equilis.
The Duodev 2 fund has been a huge success since its launch.
Investors are showing great enthusiasm.
The amount of 90 million euros for this first closing was exceeded, surpassing the initial targets.
Duodev 2: The Beginning.
Building on the success of Duodev 1, the Mestdagh and Patrick Mulliez families opened up the company to outside investors by creating Duodev 2. Both families, which are committed to making a positive social impact, offer a unique approach focused on diversification and community engagement, and backed by Equilis’s expertise.
Established in 2017, Duodev 1 has invested a total of 800 million euros in 22 projects—mostly mixed-use but predominantly residential—across the six European countries where Equilis operates.
Initiation of procedures for the second closing
Building on this successful fundraising effort, and as part of its growth and diversification strategy, the management team at Duodev 2 is resuming outreach to investors as of June 15, 2022, with the goal of completing a second closing by the end of 2022.
DUODEV2 at a Glance
- Invite new investors to share in the portfolio’s continued growth, thanks to a proven ability to identify the right projects at the right time and in the right place, while benefiting from Equilis’s expertise.
- Build a network of investors who share the same vision and values.
- Families, entrepreneurs, and institutional investors such as Belfius Immo and Sambrinvest.
- Provide variety through some text
- the 6 target countries (Belgium, the Netherlands, France, Spain, Poland, and Germany).
- les types de projets : résidentiels >50% – Retail <25%
- Fund size: 120–150 Meur.
- Investment value: 500–600 Meur.
- Term: 10 years (3-year commitment).
- Target ROE: 12–15% (on equity).
- Minimum commitment: 1 Meur.
- Strong ESG policy for the fund: Article 8 (SFDR—European legislation) and a focus on UN SDG 11.
