麻豆映画

GCM Grosvenor is investing in UK single-family (SFR) rental housing via a company owned by Matter Real Estate.

Matter said GCM Grosvenor is among investors that have supported a 拢140m (鈧�163.4m) equity recapitalisation of Placefirst, a portfolio company of Matter.

GCM Grosvenor invested on behalf of several of its investment programmes which are backed by a number of public and private pension plans from the US, Europe, and Asia.

Placefirst, which develops, owns and operates SFR housing in the UK, currently has 1,500 homes, with a further secured pipeline of over 1,000 units.

Matter said the fresh capital will be used to support Placefirst鈥檚 plans to build a 6,500 unit, 拢1.3bn SFR portfolio across the UK, adding that GCM Grosvenor鈥檚 investment is the 鈥漜ornerstone of a broader ongoing relationship with Matter to invest in other opportunities in line with Matter鈥檚 investment strategy鈥�.

Peter Braffman, managing director at GCM Grosvenor, said: 鈥淧artnering with Matter gives us the ability to deploy capital into what we believe to be attractive investment opportunities across Europe, in sectors supported by strong social and demographic fundamentals.

鈥漌e believe in Matter鈥檚 unique approach to investing in and growing real estate platforms and aggregating portfolios with strong cashflow.鈥�

David Christie, CEO at Matter Real Estate, said: 鈥淕CM Grosvenor鈥檚 investment in Matter is a great endorsement of our investment strategy only one year after our launch.

鈥漈hey recognise us as an emerging manager with an experienced team in place. We are looking forward to continuing our strategic relationship beyond their investment in Placefirst.鈥�

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