Matter Real Estate’s 2023 Recap
Our eight portfolio companies went from strength to strength, together with an aggregated portfolio of over 6,000 residential properties across four European countries.
We opened the year by announcing our partnership with Untold Living, a new later-living developer and operator targeting purpose-built homes for older people in the UK, tackling the acute shortage of adequate later-living accommodation.
We drew on our deep networks across Europe to establish Velkomn, a new single-family-rental strategy in Denmark, targeting a DKK 2 billion portfolio that will invest in single-family schemes in regional locations around Denmark’s growth cities.
After partnering with Swedish residential developer Realy Bostad late last year, the company has gone from strength to strength, undertaking five acquisitions and stabilising the first phase of their scheme in Steninge containing 76 apartment units within commuter distance from Stockholm.
And finally, we saw out the year with a significant accomplishment, welcoming the UBS Asset Management, Real Estate & Private Markets, Multi-Managers business as a £105m seed investor in the Matter UK Residential Income Fund, with the initial 560 unit stabilised single-family rental portfolio managed by Matter-backed portfolio company Placefirst.
From everyone at Matter, we thank you for your ongoing support and wish you the very best in 2024.