Slate Asset Management Completes €420 Million Real Estate Acquisitions in Germany
Deal News | Mar 06, 2025 | Slate Asset Management LP
Slate Asset Management, a global investor focusing on essential real estate, has finalized acquisitions valued at over €420 million in Germany. These acquisitions comprise 45 grocery properties situated near major German population centers. The properties, acquired through four distinct portfolio transactions, are fully leased under long-term agreements to large German grocery and goods distributors including REWE Group, Schwarz Group, Edeka Group, and ALDI. The transactions are slated to close in Q1 2025, subject to standard conditions. Sven Vollenbruch, overseeing Europe for Slate, underscores the strategic expansion in a muted transactions environment, emphasizing the firm's status as a major operator in German essential real estate. Advisers on these transactions included Goodwin Procter, KPMG, Gleeds, and REDEFINE Group.
Sectors
- Real Estate
- Retail & Consumer Goods
- Investment Management
Geography
- Germany – The acquisitions and properties involved are located in Germany.
- Europe – Slate's broader strategy and acquisitions span across Europe.
Industry
- Real Estate – The article focuses on the acquisition of real estate properties by Slate Asset Management.
- Retail & Consumer Goods – The properties acquired are grocery stores leased by major grocery distributors.
- Investment Management – Slate Asset Management, the acquiring firm, operates in the investment and management of real estate.
Financials
- €420 Million – The collective value of the 45 grocery properties acquired by Slate Asset Management in Germany.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Slate Asset Management | Acquirer | Company | A global investor focusing on essential real estate and infrastructure assets. |
| REWE Group, Schwarz Group, Edeka Group, ALDI | Lessee | Company | Major German grocery and goods distributors leasing the acquired properties. |
| Goodwin Procter | Legal adviser | Company | Provided legal advice for the transactions. |
| KPMG | Financial adviser | Company | Offered financial advisory services. |
| Gleeds | Other advisory | Company | Advised on the transaction specifics. |
| REDEFINE Group | Other advisory | Company | Provided additional advisory support. |