Urban Partners’ real estate arm, Nrep, together with StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group, has announced the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen. The portfolio is being acquired by a joint venture between Slate Asset Management and OneIM, a global alternative investment manager that invests across the capital structure in a range of asset classes.
OneIM is Slate’s capital partner in the transaction, which is the first for Slate and OneIM’s joint venture. The joint venture is actively targeting further acquisitions across the European essential retail sector. The acquisition marks Slate’s first investment in Denmark and further increases the firm’s portfolio of high-quality essential real estate assets in Europe.
All of the properties in the portfolio are in dense residential areas (Holte Midtpunkt, Lyngby Stat
