Slate Asset Management has announced that Slate European Real Estate Limited Partnership I, Slate European Real Estate Limited Partnership II and Slate European Real Estate Fund III have agreed to recapitalize a €427 million ($499 million) portfolio of European grocery-anchored real estate assets with a group led by New Zealand Superannuation Fund.
This transaction is part of a new, perpetual, income-focused strategy managed by Slate targeting stabilized essential real estate assets throughout Europe. Essential real estate is the critical infrastructure that facilitates the distribution of essential goods and services to end consumers. This strategy will focus on the acquisition of assets critical to the supply chain, such as grocery; healthcare assets, such as pharma or other healthcare services assets; and affiliated warehouses and logistics assets. Slate and New Zealand Superannuation Fund intend to incorporate ESG as a focus across all aspects of the strategy’s operat
