A new residential rental platform established by Matter Real Estate, together with its joint venture partners, will focus on the single-family market to build a portfolio in excess of DKK 2.0bn in Denmark.
The project, Matter’s seventh residential platform investment, demonstrates sustained momentum in the execution of their living sector strategy, which now covers the UK, Ireland, Sweden and Denmark. Across its investee businesses, Matter is ultimately targeting 20,000 homes within five years.
Velkomn will be majority owned by Matter led by Peter Uldall Borch as CEO. Peter in his previous role as CEO of HD Ejendomme built a portfolio of over 6,000 residential units before the business was sold to Heimstaden. Anders Horsbøl and Søren Hampen Kristensen who run 1927, one of Denmark’s leading housing developers, will be involved as partners in the joint venture.
Velkomn will target build-to-rent schemes in regional locations around Denmark’s growth cities, with strong demographics, transport, education and employment. The team aims to exceed the market standard for single-family rental developments in Denmark by developing simple, well designed, one- or two-storey homes with open plan living spaces which utilise modern methods of construction. Velkomn will require a minimum of DGNB Silver sustainability certification for its projects.
The joint venture has been seeded with two sites in the Zealand region which are expected to deliver c.280 homes and its goal is to become Denmark’s leading developer, owner and operator of single family housing.
David Christie, Matter Real Estate CEO, commented: ”Denmark has been a target investment market for us for close to five years and we are pleased not only to have found such capable partners with whom to deliver this strategy, but also to begin building the business at a point in time where demand far outstrips supply. Velkomn will meet a keenly felt societal need for new homes in the Danish regions, and will do so whilst delivering some of the highest standards of sustainability.”
Peter Uldall Borch, CEO, Velkomn, said: “This is a partnership with great potential. We’ve secured both capital, competences, and a strong, knowledgeable organization. We will put our knowledge, insights, and capital to good use throughout the value chain, right from development and construction to administration and ongoing operations – all to the benefit of our tenants at Velkomn. We are experiencing a growing demand for modern, affordable rental housing, and we are looking forward to delivering just that.”
Velkomn will be majority owned by Matter led by Peter Uldall Borch as CEO. Peter in his previous role as CEO of HD Ejendomme built a portfolio of over 6,000 residential units before the business was sold to Heimstaden. Anders Horsbøl and Søren Hampen Kristensen who run 1927, one of Denmark’s leading housing developers, will be involved as partners in the joint venture.
Velkomn will target build-to-rent schemes in regional locations around Denmark’s growth cities, with strong demographics, transport, education and employment. The team aims to exceed the market standard for single-family rental developments in Denmark by developing simple, well designed, one- or two-storey homes with open plan living spaces which utilise modern methods of construction. Velkomn will require a minimum of DGNB Silver sustainability certification for its projects.
The joint venture has been seeded with two sites in the Zealand region which are expected to deliver c.280 homes and its goal is to become Denmark’s leading developer, owner and operator of single family housing.
David Christie, Matter Real Estate CEO, commented: ”Denmark has been a target investment market for us for close to five years and we are pleased not only to have found such capable partners with whom to deliver this strategy, but also to begin building the business at a point in time where demand far outstrips supply. Velkomn will meet a keenly felt societal need for new homes in the Danish regions, and will do so whilst delivering some of the highest standards of sustainability.”
Peter Uldall Borch, CEO, Velkomn, said: “This is a partnership with great potential. We’ve secured both capital, competences, and a strong, knowledgeable organization. We will put our knowledge, insights, and capital to good use throughout the value chain, right from development and construction to administration and ongoing operations – all to the benefit of our tenants at Velkomn. We are experiencing a growing demand for modern, affordable rental housing, and we are looking forward to delivering just that.”