Reimagining Living: MRP’s Sustainable Housing Initiatives with SCG
Discover how Meijer Realty Partners (MRP), an Amsterdam-based real estate development and investment firm, partnered with Sustainable Capital Group (SCG) to secure financing for their innovative and sustainable housing projects in Utrecht and Amsterdam. Learn how MRP’s commitment to sustainability allowed them to secure funding from an SFDR Article 9 fund and align with EU taxonomy guidelines.
About Meijer Realty Partners (MRP)
MRP is an Amsterdam-based real estate development and investment firm focusing on mixed-use real estate in the Netherlands and Greece. MRP strategies aim to repurpose and reposition under-utilised assets in urban gateway locations.
Project 1: Building Inclusive Homes in Utrecht
The Goal: Transforming land in Utrecht into an inclusive environment with 2,800 homes, integrated facilities, and repurposed historic buildings.
Challenges:
- Creating a sustainable and inclusive community inspired by the Blue Zones concept.
- Securing financing for 50 residential units while maintaining ESG ambitions.
SCG’s Role:
- Financing Strategy: Developed a tailored strategy for MRP’s needs and growth objectives.
- Marketing Materials: Created an Investment Memorandum (IM) and Teaser.
- Investor Outreach: Pitched to investors and negotiated terms.
- Transaction Management: Provided expert management and led the transaction closing.
Outcome: SCG secured €19 million in senior financing, with a significant portion from Triodos Groenfonds, a “Dark Green Fund.” This enabled MRP to maintain their sustainability focus in the project.
Project 2: Sustainable Development in Amsterdam Nieuw-West
The Goal: Developing “The Mix,” featuring 528 apartments, commercial spaces, parking facilities, and a cultural centre.
Challenges:
- Aligning with EU taxonomy guidelines for sustainable economic activities.
- Securing financing for 85 residential units.
SCG’s Role:
- Financing Strategy: Developed a comprehensive strategy tailored to MRP’s needs.
- Marketing Materials: Created an IM and Teaser.
- Investor Outreach: Pitched to investors and negotiated terms.
- Transaction Management: Managed the transaction and led the closing process.
Outcome: SCG successfully closed senior financing for the residential units in “The Mix.”
What the clients say about us
Bart Meijer, Owner of MRP, shared his excitement over the collaboration with SCG, Triodos Bank, and RAX Finance, which have enabled MRP to take on ambitious development projects while maintaining sustainability at their core. “We are proud of the collaboration with Triodos Bank and SCG. This partnership enables us to realise our sustainable ambitions and contribute to a healthy and green living environment,” said Meijer.
Regarding the Utrecht project, Triodos Bank’s Real Estate Relationship Manager, Tom Hendrikx, highlighted the importance of MRP’s commitment to sustainability: “We are pleased to finance this project from MRP. It is great to see an entire project fully connected with sustainability, nature inclusivity, health, and coexistence. This project is a great example of how we can use our financial resources to create a sustainable and livable world.”
For the Amsterdam project, Meijer added: “We are pleased with RAX’s financing and SCG’s expertise. ‘The Mix’ exemplifies our ambition to develop sustainable and livable areas.”
Echoing this sentiment, Nechemja de Bruijn and Martijn Louwerse from RAX Finance stated, “RAX Finance is delighted to contribute to the sustainable project ‘The Mix’ in Amsterdam, adding hundreds of new homes to the city’s housing stock.”
Conclusion
Through strategic financing and close collaboration with SCG, MRP has successfully advanced its mission of creating sustainable, high-quality residential spaces in both Utrecht and Amsterdam. The combined financing efforts showcase MRP’s leadership in sustainable urban development while prioritising ESG ambitions and tenant satisfaction.
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