Slate adds €178m of capital to essential real estate income fund

Slate Asset Management has closed another €178 million ($182 million) in capital commitments for its Slate European Essential Real Estate Income Fund (SEERIEF).

SEERIEF is part of the firm’s core-plus investment strategy focused on European essential real estate, such as the critical infrastructure that facilitates the distribution of nondiscretionary essential goods and services to end consumers.

This strategy targets cash-yielding assets critical to the supply chain with high credit–quality tenants, such as grocery and other essential consumer goods providers, healthcare assets, and affiliated warehouses and logistics centers.

“Whether visiting in store, click and collect or delivery; food, healthcare and other nondiscretionary goods need to get to consumers in good times and in bad,” said Jerry Cain, managing director of investor relations at Slate. “We are very pleased with our pipeline of opportunities and believe this strategy offers a tremendo