ESO Capital prepares real estate spin out

The real estate platform of ESO Capital, is set to spin out to form a new, independent real estate investment firm, named Matter Real Estate.

Matter Real Estate is set to launch in the coming weeks and will be led by David Christie, former Partner and Head of Real Estate at ESO. The team of Matter Real Estate will comprise seven people.

The spin out is seen as a natural evolution of ESO Real Estate. As ESO Capital has grown across its two strategies, providing capital solutions to both corporates and real estate platforms, the real estate business has grown in size and developed a clearly defined investment strategy. Also, the decision comes on the back of strong demand from LPs for an independent operation.

‘We are very excited to launch Matter Real Estate. Following a successful period of investing for the ESO Real Estate platform, Matter Real Estate will follow the same proven investment strategy, focusing on value-add and opportunistic real estate across Northern Europe by partnering with management teams, and aggregating assets, to build scaled platforms in evolving sectors,’ said David Christie, Partner at Matter Real Estate.

Matter Real Estate will follow the same investment strategy applied by ESO Real Estate to date, focusing on direct value-add and opportunistic real estate across Northern Europe by partnering with management teams, and aggregating assets, to build scaled platforms in evolving sectors
 
The new platform will invest in sectors where there is structural demand, but barriers to large-scale investment (e.g. build-to-rent, single-family residential properties outside of gateway cities and primary healthcare centres). These sectors tend to be underserved by institutional capital due to a lack of pre-existing large portfolios. Matter Real Estate will seek to access these sectors and aggregate granular assets into platforms of scale.
 

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