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YPOG advises 15 Degree on joint venture with Matter Real Estate

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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. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard. 
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich. 

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

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