Multifunctional Fe3O4@Nb2O5@Co@Re catalysts with metal loadings in the range of 2–7 wt % were prepared via a multistep process. Magnetic nanoparticles prepared by coprecipitation were covered with a niobia shell precipitated from an ammonium niobate–oxalate complex in the presence of hexadecyltrimethylammonium bromide. The deposition of cobalt was performed using a deposition/precipitation procedure. Finally, rhenium has been deposited following three different routes: (i) impregnation, (ii) deposition and precipitation of rhenium chloride (ImC and PP, respectively), and (iii) impregnation with ammonium perrhenate (ImA). The characterization of these catalysts was achieved by X-ray diffraction, Raman, H2 and NH3 temperature-programmed desorption, X-ray photoelectron spectroscopy, and transmission electron microscopy showing the influence of the preparation procedure, reduction, and Re/Co cooperation on the degree of dispersion and reduction. ImC and ImA routes led to more reduced catalysts, and the decrea...