Hogan Lovells advises Black Lion on sale of a stake in Matter Real Estate to GCM Grosvenor and Madison

Press releases | 17 October 2025

London, 17 October 2025 – Global law firm Hogan Lovells has advised Black Lion, a Swiss family office investor, on the sale of a minority stake in Matter Real Estate, a pan-European residential real estate investment firm, to funds managed by GCM Grosvenor and Madison International Realty.

As part of the transaction, GCM Grosvenor and Madison acquired minority interests in Matter Real Estate from existing shareholder Black Lion. The investment enhances Matter’s access to institutional capital and supports the firm’s continued growth across European residential markets.

The Hogan Lovells team advising Black Lion was led by London-based partner Cees Brouwer, with support from counsel Tom Eyre-Brook (Tax) and associates Cassie Ditzel, Mo Shan and Coco Brown (all Private Equity).

Commenting on the transaction, partner Cees Brouwer said: “We are pleased to have supported Black Lion on this sale. The transaction reflects continued confidence in Matter Real Estate’s platform and the strength of institutional appetite for European residential real estate.”