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Matter Real Estate, GCM Grosvenor continue strategic European residential partnership with investments in Germany and Denmark
Investors - OCTOBER 17, 2024

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Matter Real Estate, GCM Grosvenor continue strategic European residential partnership with investments in Germany and Denmark

by Released

Matter Real Estate, a London-based real estate investment firm, with support from one of its investors, GCM Grosvenor, announced its initial investment in residential development platform 15 Degree in Germany, as well as further investment into the Velkomn platform in Denmark.

Matter, with the support of various GCM Grosvenor funds, will commit to new projects totaling more than €500 million ($545 million) across both companies, to develop a 2,000-unit portfolio across two of Europe’s strongest residential markets. Velkomn, a platform established by Matter in 2023 to invest in single-family residential properties in Denmark, recently purchased a 667-unit stabilized portfolio across eight schemes for €170 million ($185 million).

Matter has also committed to funding equity for €250 million ($272 million) of developments with 15 Degree. The 15 Degree partnership, a new investment for Matter, will facilitate the development of a portfolio of sustainable residential

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