What we do Who we are Team News Contact Login Search Search Firm News Slate Asset Management Continues Growth in Europe with €100.0 Million-Plus Grocery Portfolio Acquisition Wednesday, November 24, 2021 Share the article Slate Asset Management ("Slate”), a global alternative investment platform focused on real estate, announced today that it has a acquired a portfolio of grocery real estate assets in Germany for over €100.0 million. The acquisition further scales Slate’s platform in Europe and increases the firm’s exposure to high-quality essential real estate assets in the region. Slate acquired the portfolio in an off-market transaction from KRE//GROUP at an attractive discount to replacement cost. The portfolio comprises 30 properties strategically distributed in and around larger metropolitan areas in Germany with high potential for future turnover growth, including Berlin, Hannover, Cologne and Hamburg. The portfolio’s major tenants are some of the largest essential goods distributors globally: Edeka Group, Rewe Group and Lidl. With 93% of the portfolio's income generated by essential, class-A tenants, the assets are well positioned to provide resilient, long-term cash flow. “Our ability to source and acquire this pure-play grocery portfolio in an off-market transaction speaks to the strong track record and network of relationships we’ve established in Germany,” said Brady Welch, Founding Partner at Slate Asset Management. “We see an opportunity to step in and implement our hands-on asset management approach to elevate these properties to new standards of efficiency, modernity and performance and create value for our investors, tenants and surrounding communities.” Since 2016, Slate has managed and invested in diversified portfolios of grocery and essential real estate assets across Europe, which play a critical role in the distribution of essential items and services to end consumers. This portfolio is Slate’s third acquisition in Germany in the second half of 2021. The firm acquired two additional portfolios with nine collective grocery and essential real estate assets in the third quarter of this year. The transaction is expected to close in early 2022. About Slate Asset Management Slate Asset Management is a global alternative investment platform focused on real estate. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform spans a range of investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more. Contacts Slate Asset Management Karolina Kmiecik Karolina@slateam.com Get in touch with our Press Team pressinquiries@slateteam.com Share the article Latest News Firm News Slate Asset Management Appoints Bozena Jankowska as Managing Director and Global Head of ESG Nov 23, 2021 Firm News Slate Asset Management Continues Its European Expansion with Approximately €90.0 Million Essential Real Estate Portfolio Acquisition in Austria and Slovakia Nov 22, 2021 Market Insights Slate & CalPERS: Uncovering Opportunities in the Grocery Real Estate Sector (IREI: LIVE Webinar) Nov 09, 2021 Toronto 121 King St W, Suite 200 Toronto, ON M5H 3T9 Tel: +1 416 644 4264 Fax: +1 416 947 9366 View Map Chicago 20 S Clark St, Suite 1400 Chicago, IL 60603 Tel: +1 312 847 1480 View Map New York 300 Vesey St, Suite 1230 New York, NY 10282 Tel: +1 332 895 6620 View Map London 14 Curzon Street, G.01 London, UK W1J 5HN Tel: +44 020 37869020 View Map Frankfurt TaunusTurm, Taunustor 1 60310 Frankfurt am Main Tel: +49 69 505060 4332 View Map Terms of Use Privacy Policy EU SFDR Disclosure Contact Us