Matter Real Estate and GCM Grosvenor Strengthen European Ventures

Strengthening European Ventures with Strategic Investments

Matter Real Estate, a prominent real estate investment firm based in London, recently announced significant advancements in its strategic partnership with GCM Grosvenor. The collaboration has led to their first investment in a residential development platform based in Germany, called 15 Degree, along with a further investment in the expanding Velkomn platform in Denmark.

Significant Investment Commitments Across Europe

The combined effort, with robust support from various funds under GCM Grosvenor, marks a commitment of over €500 million directed towards new projects across both platforms. The aim is to foster the development of a diverse portfolio totaling approximately 2,000 residential units within two of Europe's most dynamic real estate markets. Velkomn, launched by Matter to capitalize on single-family residential property investments in Denmark, has successfully acquired a stabilized portfolio consisting of 667 units across eight different sites, amounting to €170 million.

Impactful Developments in Germany

In an exciting addition, Matter has pledged equity funding of €250 million towards developments with the 15 Degree team, recognized for its innovative residential solutions in Germany. This partnership will pave the way for creating a sustainable residential portfolio in Berlin, significantly contributing to both new and existing projects in the German real estate market. With the first two assets already secured, totaling 156 housing units, this collaboration is set to make an impactful entry into the sector.

Aiding the Housing Demand Crisis

The investments made by Matter and GCM Grosvenor are poised to address a crucial demand for quality and affordable housing across Europe. With GCM Grosvenor’s previous commitments to Matter's platform company Placefirst—renowned for its attainable housing developments in the UK—the partnership is strategically enhancing their access to thriving residential markets in Europe. They remain focused on generating robust, risk-adjusted returns for investors while ensuring the completion of residences that fulfill the needs of modern tenants.

Expert Insights from Leadership

David Christie, the CEO of Matter Real Estate, articulated the strength of the ongoing partnership: “Our collaboration with GCM Grosvenor continues to gain momentum. These financial commitments illustrate our ability to effectively implement a pan-European residential strategy, targeting key markets that promise exceptional growth. We are eager to maintain and expand this partnership and attract further investors into these ventures.”

Peter Braffman, Managing Director at GCM Grosvenor, emphasized the critical nature of their European residential focus: “Our strategic investment program with Matter provides us with unique entry points into key housing markets. Given the favorable dynamics between housing supply and demand, our aims align well with improving the availability of quality rental housing in the region,” Braffman noted, highlighting the potential for positive outcomes for both clients and future residents.

About Matter Real Estate

Founded in 2021, Matter Real Estate specializes in the living sector of real estate investments across Europe. The firm focuses on operational strategies aimed at sectors experiencing structural demand yet facing barriers to large-scale investments. Their portfolio spans multiple sectors such as build-to-rent, single-family housing, senior living, and affordable housing, all managed by a dedicated 16-person team located in London.

About GCM Grosvenor

GCM Grosvenor, listed on Nasdaq under the ticker GCMG, is a leading global alternative asset management firm, managing approximately $79 billion in assets across several investment strategies, including private equity, infrastructure, and real estate, among others. With over 50 years of experience in the alternatives sector, the firm is committed to delivering valuable results to its diverse client base through its flexible investment platform. They operate a global presence, with offices in major cities, including London, Chicago, and Hong Kong.

Frequently Asked Questions

What are the recent investments by Matter Real Estate?

Matter Real Estate has recently invested in the 15 Degree platform in Germany and further enhanced its investment in the Velkomn platform in Denmark.

How much are the total new commitments announced?

The total new commitments announced exceed €500 million across both investment platforms.

What is the target for residential units?

Matter aims to develop a portfolio of approximately 2,000 residential units across these projects.

Who is the key management behind Matter Real Estate?

David Christie serves as the CEO of Matter Real Estate, guiding the firm's strategic initiatives.

What markets are Matter Real Estate and GCM Grosvenor focusing on?

The firms are primarily focusing on Germany and Denmark, targeting key residential developments in these robust markets.

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