Matter Real Estate invests in Auxesia Homes

Matter Real Estate (Matter) has invested in Auxesia Homes (Auxesia), a registered provider of affordable housing based in Cheshire, England. 

The investment builds on Matter’s UK residential strategy, focusing on value-add and opportunistic real estate across evolving sectors, and complements its existing investments in Placefirst and St Arthur Homes. As part of their strategic partnership, Cordia, an international property investor, has co-invested alongside Matter on this transaction.

Auxesia provides new, affordable homes to current and former military personnel, NHS, and emergency service workers. The company works closely with housebuilders and local authorities to deliver high-quality housing across the north of England, offering shared ownership, affordable rental and rent-to-buy homes.

Auxesia has a strong track record of acquiring and managing homes for itself and on behalf of institutional investors. With Matter’s backing, the company will scale its portfolio to over 1,300 homes within the next five years, helping to address the critical shortage of affordable housing for the key workers it serves.

Alongside its financial investment, Matter will work closely with Auxesia’s management team to build a best-in-class operating platform and facilitate collaboration with other investee companies, including Placefirst, to offer multi-tenure solutions to affordable and attainable housing sites.

Cordia has teamed up with Matter Real Estate on multiple transactions in recent months. The investment into Auxesia is the latest in a number of collaborations between the two companies, which also includes an investment in St. Arthur Homes, an owner and operator of social housing with a focus on shared ownership. Cordia is also participating in Matter’s Real Asset Fund I which backs developers in the UK and Ireland via structured capital investments.

Richard Hunt, Director at Matter Real Estate, said: “The Matter Real Estate team is incredibly proud to support Auxesia Homes in the next phase of its mission to become one of the country’s leading providers of affordable homes to armed forces, NHS and other key workers who have served society. The deal aligns with our objective of building platforms of scale which have positive societal impact. We are looking forward to working with Auxesia’s exceptional management team in the coming years and are pleased to continue our partnership with Cordia.”

Chris Metcalf, Co-Founder at Auxesia Homes, commented: “We passionately believe that our user group deserve to be given the highest priority in securing high-quality affordable homes. We are excited to team up with Matter, as we feel that they truly understand our business and share that passion. With their support, we will be able to scale our platform and address the critical shortage of affordable housing across the North West, Yorkshire and the North Midlands.”

Gábor Futó, Founder and Majority Owner of Cordia, said: “We are excited to be contributing to the growth of the affordable housing sector. Our co-investment in Auxesia is an important next step both in our highly successful partnership with Matter Real Estate as well as our international expansion, in which the UK market plays a key role.”
  Matter Real Estate takes an operational approach to investing in real estate, focusing on assets that meet fundamental end-user needs in evolving sectors where there is structural demand, but barriers to large-scale investment. Matter invests in sectors including, but not limited to, build-to-rent, single- family residential properties outside of gateway cities, affordable housing and primary healthcare centres.