Joivy
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| Company type | Private |
|---|---|
| Industry | Property management, Real estate, hospitality |
| Founded | 2007 (as DoveVivo) |
| Founders | Valerio Fonseca, William Maggio |
| Headquarters | Milan, Italy |
Area served | Europe |
| Products | Property management; Design & Build services; Short-, medium- and long-term accommodation; Real estate investment services |
Number of employees | 450 (2024) |
| Website | joivy.com |
Joivy is a European residential real estate platform providing property management and accommodation services for short-, medium-, and long-term stays. The company originated in Italy in 2007 under the name Reale Gest, later renamed DoveVivo. Since 2023, it has operated under the unified brand name Joivy, formed by integrating several brands, including DoveVivo, ALTIDO, and Chez Nestor.[1] The group is active in several European countries, including Italy, France, Spain, Portugal, England, and Scotland.[2][3][4][5]
DoveVivo was founded in 2007 in Milan by Valerio Fonseca and William Maggio under the name Reale Gest, focusing on the management of residential properties rented from third parties and sublet primarily to university students and young professionals. It was later rebranded as DoveVivo. Fonseca and Maggio have remained involved in the company's management since its foundation.[6][7][8][9][10]
In 2009, DoveVivo reached 100 managed rooms in Milan. In 2010, it expanded to Como, followed by Bologna in 2014 and Rome in 2015. By 2017, the company managed nearly 600 properties and opened new headquarters in Milan.[11][12]
In 2012, Chez Nestor was founded in Lyon, operating in the residential rental and coliving segment in France.[13][14]
Between 2018 and 2020, DoveVivo completed several acquisitions in Italy, including H4U srl, Place4You srl, Easy Room srl, Rtmliving srl, and Milanostanze srl, expanding into coliving and student housing.[11][15]
In 2019, ALTIDO was created by merging Rent Experience (Portugal), LRC (United Kingdom), Hintown (Italy), and BNB Buddy (Scotland), establishing a multi-national hospitality management firm.[16][17][18]
In 2021, DoveVivo began international operations in Spain and France.[2] In July of the same year, the company also expanded its operations in Italy, including the cities of Ferrara and Venice.[19][20]
In 2022, DoveVivo acquired both ALTIDO and Chez Nestor, forming a residential management group with more than 2,500 properties across six countries.[2][21][22][23]
In 2023, the group acquired the home renovation company Rinnow! and introduced the unified brand identity Joivy, combining DoveVivo, ALTIDO, and Chez Nestor under a single platform.[3][4][24][25]
In 2024, the company launched Joivy Invest, a platform focused on residential real estate investment services.[26][27][28]
Operations and structure
Joivy provides property management services for residential real estate, including administrative management, maintenance, renovation coordination, and marketing of rental properties.[2][28][29][30] The company manages accommodations for tenants, including students, young professionals, business travelers, and tourists, and provides design and build, as well as asset-related services, for property owners.[3]
As of the mid-2020s, Joivy operates in Italy, France, Spain, Portugal, England, and Scotland, managing approximately 4,000 residential units and around 11,000 rooms across about 50 destinations.[4][31] Joivy also operates student housing facilities in several Italian cities, including the San Giobbe student residence in Venice.[32] The company is headquartered in Milan and operates 16 offices and 15 operational hubs across Europe. In 2024, it employs 450 staff members[33].
Ownership and funding
In 2019, DoveVivo raised €72 million in a funding round to support its international expansion.[34][35] That same year, the company completed a capital increase of €50 million led by Tikehau Capital.[36]
In 2021, Tamburi Investment Partners invested €30 million through its StarTIP vehicle, acquiring 20% of DV Holding.[24][37][38]
In 2022, Starwood Capital invested €50 million for a 22% minority stake. The main shareholder remains DV Holding S.p.A., controlled by founders Valerio Fonseca and William Maggio, with Tamburi Investment Partners as a minority shareholder.[39]