82-84 Berwick Street,
Soho, London, W1F 8TP.
Directions
Fundraising, Placefirst

Matter welcomes UBS Asset Management as anchor investor in new UK Single Family Rental housing fund

Deals, Velkomn

Matter establishes new platform 'Velkomn' for a single family residential rental strategy in Denmark targeting a DKK 2.0bn portfolio

Deals, Untold

Matter Real Estate backs new later living operator ‘Untold Living’ to target £300m+ GDV

Staff updates

Matter Real Estate expands team with two senior appointments

Deals, Realy Bostad

Matter backs Realy Bostad to build a multi-family rental portfolio in Sweden.

All Companies
Residential

Dwellings

Country: Ireland

Investment date: 2019

Developer of attainable for-sale housing targeting families and first time buyers in Ireland's major population centres outside Dublin.

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Solving Ireland's housing crisis

Dwellings operates against a backdrop of severe housing undersupply, with an estimated 10,000-15,000 units per year of unfulfilled need. Whilst the Dublin residential market is mature and well capitalised, there is undersupply of capital for development in other Irish population centres.

Matter has backed the Dwellings team, led by one of Ireland's most experienced housebuilders, to deliver in excess of 2,000 homes in locations which benefit from strong employment and high quality infrastructure.

Since our initial investment in 2019, the management team and Matter have worked to rebrand the business and build out a best-in-class construction and sales infrastructure. Dwellings is now positioned as one of Ireland's leading medium sized housing developers, with a differentiated proposition focusing on first time buyers.

In numbers

c. 21,000

Annual undersupply

The Irish government estimates 33,000 new houses are required each year to meet housing demand. The average historical delivery has been only 12,000, meaning a large structural deficit that is growing each year.

2,000

New homes targeted

Dwellings is well on the way to meeting its target of providing 2,000 homes to first time buyers and working families, playing their part in solving Ireland's housing crisis.

100 %

Energy efficiency

All Dwellings homes have a minimum Building Energy Rating of A2 and are nZEB compliant, thanks to best-in-class energy efficiency measures including air source heat pumps and super insulated timber frame construction.

“ We are delighted to be working closely with the Matter team who from the outset demonstrated a deep understanding of the structural imbalance between housing need and the chronic housing undersupply, particularly in regional Ireland. We worked closely with the Matter team to implement a strategy that created close alignment between our management team, Matter as Investment Manager and their underlying investors. Our ongoing interactions with Matter have been invaluable as we grow the business and seek to address the continuing shortage of quality, sustainable housing stock across the country. ”
Jonathan O'Connor
COO, Dwellings

7 Companies

Residential

Velkomn

Velkomn is a developer and operator of housing for rent in regional locations across Denmark.

Denmark

Invested: 2023

Residential

Placefirst

Award winning owner and operator of build to rent housing with a portfolio of thriving neighbourhoods including single family homes and apartments in regional towns and cities in England.

United Kingdom

Invested: 2016

Healthcare

Zest Healthcare

Specialist developer and operator of Primary Care Centres, creating much-needed healthcare facilities across Ireland.

Ireland

Invested: 2018

Residential

St Arthur

St Arthur is a for-profit registered provider of shared ownership homes operating in southern England.

United Kingdom

Invested: 2020

Residential

Auxesia

A provider of shared ownership and affordable rental homes in the North of England specifically targeted to military veterans, NHS staff and emergency services personnel.

United Kingdom

Invested: 2021

Residential

Untold

Developer, owner and operator of continuing care retirement communities in England which offers later living homes for rent, sale and shared ownership.

United Kingdom

Invested: 2022

Residential

Realy Bostad

Realy is a Stockholm based developer and operator of rental housing which is building a portfolio across southern Sweden.

Sweden

Invested: 2022