FAQs

The Revive Natureza Fund, created through Decree-Law No. 161/2019, of October 25, is a means of valuing the built and natural heritage, with the objective of promoting regional development, through tourist activities capable of taking advantage of and enhancing the unique attributes of each of these spaces, without compromising them.

The Fund aggregates a set of rights in state or local authority buildings, both in the private domain or covered by public domain schemes, and which will manage the overall management of this network of buildings, with the operation of each unit being developed by public or private authorities, with criteria common to the whole network, in particular as to the use of the trade mark, consumption of local products, social, economic and environmental sustainability and the valorization of the territory.

The management of the Fund is ensured by TF Turismo Fundos – SGFII, S.A., pursuant to the provisions of Ordinance No. 389/2019 of October 29.

TF Turismo Fundos – SGFII, S.A. is a real estate investment fund management company, majority owned by Turismo de Portugal, I.P., which has as its object the administration, management and representation of one or more real estate investment funds, closed or open. Learn more about Turismo Fundos through the www.turismofundos.

The Revive Natureza Fund aims to implement public policies for regional and local development, which promote:

• Local job creation;
• The growth of the local economy;
• The contribution to a systematic strengthening of local supply networks;
• The use of local products;
• The recovery of the properties integrated into it;
• The sustainability of the territories, in the environmental, social and economic aspects.

Participants in the Fund are:

• the State Portuguese, represented by the Directorate-General for Treasury and Finance
• the Institute for Conservation of Nature and Forests, I.P.
• Tourism of Portugal, I.P.

The Fund carries out its activity through the integration, as assets, of rights related to real estate under public or private regimes of the State, local authorities, public institutes or other entities.

For the pursuit of its activity, the Fund:

• Promotes the allocation of rights over real estate to public or private entities, with a view to their requalification for tourist or other purposes with these related ones, generating economic impact in the locality or region where they are located;
• It carries out any works and promotes the execution of any urban operations relating to the buildings, the public or private domain, integrated therein, provided that they are useful or necessary to effectively meet their objectives, without prejudice to the applicable legal and regulatory standards.
• It provides funding to entities to whom the right to exploit the buildings is granted.In the allocation of financing, the Fund shall ensure that it is repaid and remunerated, through real estate guarantees or other legal guarantees, which are considered appropriate and sufficient.

In a first phase will be made available, for commercialization, 43 properties located in NUT II alentejo, Algarve, Central and North of Portugal.
The rights to the 53 properties located on vacant land will be integrated into the Fund after agreement with the local communities and compliance with their formalisms for this purpose.

• Old Tax Offices
• Former Houses of the Rangers
• Forest Service Buildings
• Fiscal Guard Buildings
• Old Mills
• Other

Any business linked, directly or indirectly, to the tourist activity, provided that they meet the criteria to be defined at the time of the launch of the competitions.

The criteria for granting the rights of exploitation/sub-concession of the properties to the entities that will carry out the investment and the tourist exploitation will be defined at the time of the opening of the tenders, taking into account the specificities of each region in which they are located, always being valued the following aspects:

• Operation carried out by entities with headquarters or residence in the municipalities where the property is located or in the contiguous municipalities;
• Creation of local jobs;
• Social, environmental and innovative characteristics for the sustainability of territories;
• Integration in product offering networks and experiences in the territories where they are included;
• Other aspects that show a positive impact on the locations in which the properties are located.

For the purposes of the allocation of exploitation/sub-concession rights, several buildings may be grouped together, in the same municipality or in contiguous municipalities, to promote the creation of integrated holdings.

The operation of each unit can be developed by public or private entities, with criteria common to the entire network, namely regarding the use of the brand, consumption of local products, social, economic and environmental sustainability and enhancement of the territory.