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YPOG advises 15 Degree on joint venture with Matter Real Estate

Berlin, August 14, 2024 – YPOG advised Berlin-based real estate development and investment company 15 Degree Technology and its founders on the acquisition of a majority stake by the London-based real estate investment firm Matter Real Estate.

15 Degree and Matter Real Estate plan to invest around €250 million to build a portfolio of sustainable residential properties in the German capital. The new partnership will give the company a significant advantage in the development of new projects and the acquisition of distressed projects. 

Founded in Berlin in 2022, 15 Degree plans to build more than 1,000 rental apartments in Berlin by 2029. 15 Degree is currently developing 200 apartments at two locations in Berlin, 20 to 30 percent of which will be rent-controlled apartments.

With regard to Luxembourg law matters of the new joint venture, YPOG worked together with Arendt Medernach.

Team

Dr. Martin Schaper (Lead, Transactions), Partner, Berlin
Benjamin Müller (Transactions), Associate, Berlin

 

About 15 Degree Technology

15 Degree Technology is a real estate development and investment company with a focus on residential projects in Berlin. The company is active in the areas of project planning, design, construction, sales, equipment, energy supply and maintenance of sustainable buildings as well as the acquisition, management and sale of land and real estate.

About us

YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog