Net 4 Capital · Our companies · RERA
Real Estate & Heritage
Unlocking the value of real assets
N4RERA (Real Estate & Real Asset) is the Net 4 Capital group company dedicated to investments in real estate development companies and in real assets, sponsored and managed by Net 4 Capital. RERA invests in companies that acquire, redevelop and manage properties, and brings to them the same industrial approach as the rest of the group.
Why now
An ageing building stock, ready for renewal
of Italy's 12.4 million residential buildings were built before 1976
of residential energy performance certificates are in the least efficient classes, E, F and G
the cut in average residential energy use required by the European "green homes" directive by 2030
Sources: ENEA, report on the national building stock 2024 (data at end of 2023); EU Directive 2024/1275 (EPBD), target relative to 2020.
What we do
Three investment lines
A common logic: investing in companies where there is value to unlock, and helping them unlock it with industrial expertise.
01
Real estate development
Stakes in real estate development companies that acquire, split, redevelop and resell residential properties. The levers are the most sought-after unit sizes, energy upgrades up to nearly zero-energy buildings and the purchase of assets at a discount.
02
Rentals and hospitality
Investment in companies specialised in the professional management of short and medium-term rentals and of hospitality facilities, for tourists and for people travelling for work or study, in art cities and the main tourist destinations.
03
Art & Heritage
Selected investments in works of art, acquired off-market in collaboration with specialised operators, to unlock the value of artistic heritage alongside real estate.
Already under way
Real estate development
Eighteen Club
RERA's first stake: an investment in Eighteen Club, a real estate development company.
Art & Heritage
The first work of art
The acquisition of a painting is under way, in collaboration with a specialised operator: the first transaction of the Art & Heritage line.
The value chain we invest in
How we work
Selection comes first
RERA chooses the companies it invests in by looking at the people who lead them, the properties they work on and the markets they operate in, and makes the group's network available to them.
A network at our companies' disposal
- Off-market network · specialised agents and introducers bringing opportunities not available on the open market
- NPL servicers · access to distressed assets or assets for sale at a discount
- Specialised operators · ongoing dialogue with developers, managers and professionals in real estate and art
Our markets
- Rome
- Milan
- Florence
- Isle of Elba
- Bari
Art cities, major centres and tourist destinations: where demand for redevelopment meets demand for rentals.
Where it is heading
Growing with operating companies
Alongside real estate development companies, RERA aims to invest in companies that redevelop, manage and let properties: the same buy-and-build logic that Net 4 Capital applies in the group's other areas.
- Property splitting and redevelopment, for in-house execution capacity
- Rental management, to generate income from redeveloped properties
- Hotel management, to extend the chain to hospitality
Impact
Regeneration of urban areas, better energy efficiency in redeveloped buildings and quality housing for professionals, students and tourists.
The role of Net 4 Capital
Sponsor and manager of the vehicle
- Search and selection of investments
- Technical, legal and market due diligence
- Relations with specialised operators
- Administration of the vehicle
- Portfolio development strategy
With the support of professionals in real estate, sustainable building and art.