Matter Real Estate has added a five‑asset portfolio with a gross development value of over €160m to its German residential assets.
The real estate fund manager’s Berlin‑based residential developer 15 Degree has acquired the portfolio of 470 units for an undisclosed amount.
Matter Real Estate said three schemes are currently under construction, and all five will be active by the third quarter of 2026.
Since mid-2024,15 Degree has acquired a new site every three months. It is also considering a 900-unit expansion pipeline valued at €280m.
Matter Real Estate said 15 Degree is currently targeting a pipeline of German residential opportunities of more than €440m.
David Christie, CEO at Matter Real Estate, said: “This milestone marks another step in scaling Matter Real Estate’s residential strategy across Europe, with Germany firmly established as a core long-term market.
“By deepening our relationship with the 15 Degree team, we are expanding Matter’s footprint in a market where our operational discipline, sourcing capabilities and integrated delivery model provide a clear competitive advantage.”
Paul Gebhardt, CEO of 15 Degree, said: “Berlin’s housing shortage is both structural and long‑lasting, and demand continues to outpace new supply, particularly for well‑designed, energy‑efficient rental homes.
“This acquisition phase allows us to deliver future‑proofed buildings in neighbourhoods where pressure on attainable, high‑quality stock is most acute, while leveraging the strength of our on-the-ground team and permitting expertise.”
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