Matter Real Estate partners with Madison and GCM Grosvenor

Pan-European residential real estate investor Matter Real Estate has announced a strategic partnership with Madison International Realty and GCM Grosvenor. 

David Christie

As part of this partnership, real estate private equity company Madison and global asset management solutions provider GCM Grosvenor have acquired minority stakes in Matter from Black Lion.
These investments represent a key achievement for Matter, bolstering its resources and expanding its reach to a wider range of global investors. The ownership structure of Matter's management remains the same.
GCM Grosvenor's investment strengthens its existing relationship with Matter, having previously invested in several of the firm's European residential platforms. 
Madison's investment aligns with its strategy of supporting high-growth real estate operating platforms. In addition to the strategic investment, Madison has committed to co-invest alongside Matter in opportunities across Denmark, Sweden, Germany, and the UK, also bringing a network of investors and expertise in platform investing. 
David Christie, CEO at Matter Real Estate, said: “We are delighted to welcome Madison International Realty as a strategic, like-minded partner, and to build on years of collaboration and shared vision with GCM Grosvenor. This partnership reflects the strength of our platform and the trust placed in us by early supporters of the firm, notably Black Lion. We’re particularly pleased to be working alongside Mo Saraiya and Bryce Robertson, and their respective teams. This marks an exciting chapter for Matter as we continue to scale our business, unlocking new growth opportunities and delivering our residential strategy across Europe.”
Mo Saraiya, deputy CIO & head of Platform Investments, at Madison Realty International, commented: “This transaction not only allows us to make a strategic investment in a first-class real estate investment manager, it also presents us with an opportunity to co-invest alongside Matter in building businesses in a number of our core European territories. We know the Matter team well and have watched David build the firm while establishing a strong track record over the past four years since founding the business. Our investment aligns perfectly with our strategy of investing in high-growth real estate platforms, and we look forward to working with the team at Matter, alongside GCM Grosvenor, in helping with the continued growth of the firm, building on the momentum achieved to date.”
Bryce Robertson, executive director at GCM Grosvenor, added:  “Our partnership with David and the wider Matter team has been a cornerstone of our commitment to growing our presence in the institutional European real estate market. We believe Matter’s expertise and market position sets them up well in the current investment environment. Bringing Madison into the fold only strengthens that position; we’re looking forward to continuing to collectively build a leading pan-European residential player.”