Slate Asset Management Completes More Than €420 Million of Essential Real Estate Acquisitions in Germany Year to Date
Summary
FRANKFURT, Germany--(BUSINESS WIRE)--Slate Asset Management (“Slate” or the “Firm”), a global investor and manager focused on essential real estate and infrastructure assets, today announced that it has completed the acquisition of 45 grocery properties located in Germany, which are collectively valued at over €420 million. “ We are very pleased to further scale our exposure to this asset class with these portfolios of high-quality, stabilized grocery properties that are underpinned by Germany’s leading food and essential goods distributors. Slate has firmly established itself as a leading owner and operator of essential real estate in Germany, and we believe the strong pipeline of opportunities we have cultivated in this sector will drive our continued growth in Germany and across broader Europe.” Slate’s European essential real estate strategy is focused on acquiring, owning, and operating cash-yielding, essential real estate assets, such as grocery and affiliated warehouses and logistics assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities.