Ropes & Gray’s London asset management team has advised global alternative asset management firm GCM Grosvenor on supporting new investments in Germany and Denmark through its strategic European residential partnership with real estate investment firm, Matter Real Estate. These comprise an initial investment in residential development platform 15 Degree in Germany, as well as further investment into the Velkomn platform in Denmark.

Matter Real Estate, with the support of various GCM Grosvenor portfolios, will commit to new projects totalling over €500m across both companies, with the goal of developing a 2,000-unit portfolio across two of Europe’s strongest residential markets.

These investments build upon GCM Grosvenor’s previous commitments to Matter platform company Placefirst, a leading developer of attainable housing in the UK, another strategic relationship transaction on which Ropes & Gray’s London team advised,. The ongoing partnership reinforces the two firms’ commitment to pursuing strong, risk-adjusted opportunities in the European residential sector for their clients.

The team was led by asset management partner Tom Alabaster with private funds associates Andrew Davis and Calum Foster, and was supported by partner Andrew Howard and associate Omar Asfar on tax.