Slate Asset Management has completed a final close for its Slate European Real Estate Fund III with €250 million ($271 million) in capital commitments.
Like its predecessors in the fund series, Slate Europe III will target grocery real estate assets in Europe. The closed-end fund was oversubscribed, exceeding its target of €200 million ($216 million).
“During this unprecedented time of market disruption, we are pleased to close Slate Europe III at its hard-cap and are thankful for the confidence investors from diverse geographies continue to place in us as Slate expands its presence across Europe,” said Brady Welch, Slate’s London-based founding partner. “We have been investing in last-mile logistics for some time and are proud to launch our third fund in the European grocery real estate space since 2016, a feat that underscores our commitment to the sector and validates the importance of last-mile solutions in the grocery real estate market.”
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