Matter Real Estate, a European real estate investment company spun off from ESO Capital, has invested in an affordable housing provider as part of its value-added and opportunistic residential strategy in the UK.
Matter has invested an undisclosed amount in Auxesia Homes, a Cheshire-based affordable housing provider, in a deal that complements its existing investments in affordable housing companies Placefirst and St Arthur Homes.
The real estate company said real estate investor Cordia co-invested in Auxesia alongside Matter. Cordia has partnered with Matter on a number of transactions in recent months, including an investment in St Arthur Homes.
Matter said his investment will help Auxesia expand its portfolio to more than 1,300 homes over the next five years.
“In addition to its financial investment, Matter will work closely with Auxesia’s management team to create a premier operating platform and facilitate collaboration with other issuers, including Placefirst. “
Richard Hunt, Director of Matter Real Estate, said: “The agreement aligns with our goal of creating great platforms that have a positive societal impact. We look forward to working with Auxesia’s exceptional leadership team in the years to come and look forward to continuing our partnership with Cordia.
Chris Metcalf, Co-Founder of Auxesia Homes, said: “We are excited to team up with Matter because we believe they really understand our business and share this passion. With their support, we will be able to evolve our platform and address the critical shortage of affordable housing in the North West, Yorkshire and the North Midlands. “
Gábor Futó, founder and majority owner of Cordia, said: “We are delighted to help grow the affordable housing sector.
“Our co-investment in Auxesia is an important next step both in our very successful partnership with Matter Real Estate as well as in our international expansion, in which the UK market plays a key role.”
Cordia also participates in Matter’s Real Asset Fund I which supports developers in the UK and Ireland through structured capital investments.
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