Slate Asset Management acquires 45 grocery properties in Germany for €420 million

Slate Asset Management has completed the acquisition of 45 grocery properties in Germany, valued at over €420 million. The transactions were conducted through four separate portfolio deals, with closures expected in the first quarter of 2025, pending standard approvals. The properties are located near major population centers across Germany and are fully leased under long-term agreements to leading grocery and essential goods distributors, including REWE Group, Schwarz Group, Edeka Group, and ALDI.

Sven Vollenbruch, Managing Director of Slate’s European Investments, highlighted the firm’s continued expansion in the essential real estate sector. He noted that despite a subdued market environment, the firm has successfully executed nearly half a billion euros in transactions during the first three months of the year. The acquisitions add to Slate’s growing portfolio of stabilized grocery properties in Germany, reinforcing its presence in the market.

Since entering the European real estate sector in 2016, Slate has focused on acquiring and managing essential real estate assets, including grocery stores, warehouses, and logistics properties. The firm has completed transactions on more than 1,000 commercial properties across seven countries and currently operates a portfolio of over 500 essential real estate assets in Europe.

Advisors involved in these transactions included Goodwin Procter, KPMG, Gleeds, and REDEFINE Group.