Slate Asset Management and One Investment Management (OneIM) have agreed to acquire eight grocery-anchored retail parks in Norway from Tellus Eiendom for approximately €250 million ($279 million).
The portfolio is located in the Greater Oslo region and is anchored by grocery operators and discount retailers, including Coop, NorgesGruppen and Reitan Retail.
“We are pleased to be expanding our European Essential real estate platform with this significant acquisition,” said Brady Welch, co-founding partner at Slate Asset Management. “These eight retail parks sit in dominant locations along major transport corridors around Oslo. The portfolio is anchored by Norway’s strongest grocery operators and benefits from CPI-linked lease structures, designed to provide durable, inflation-protected cash flows.”
The transaction expands an existing partnership between Slate and OneIM, which previously invested in five grocery-anchored retail properties in Greater Cop
