Creating a multi-family portfolio in one of Europe's most undersupplied capital cities
Germany has the biggest residential occupier and investor market in Europe. More than half of Germans rent their homes, however supply of new rental housing in Berlin and other major cities has become severely restricted, with conditions exacerbated by the sharp increase in construction costs and interest rates which started in 2022.
Having monitored the market for over five years, Matter saw the opportunity within these market conditions to create a new residential business and has partnered with the management team of 15 Degree.
15 Degree is building a portfolio of affordable multi-family housing, initially in Berlin. Buildings include the highest standards of energy efficiency and incorporate subsidised housing elements. Over time 15 Degree aims to build an insitutionally-scaled residential portfolio which serves the societal need for new rental housing.
Having monitored the market for over five years, Matter saw the opportunity within these market conditions to create a new residential business and has partnered with the management team of 15 Degree.
15 Degree is building a portfolio of affordable multi-family housing, initially in Berlin. Buildings include the highest standards of energy efficiency and incorporate subsidised housing elements. Over time 15 Degree aims to build an insitutionally-scaled residential portfolio which serves the societal need for new rental housing.