Citing a grocery store, Sven Vollenbruch, managing director, who leads the European investment team within Slate Asset Management, defines essential real estate as properties that blur the line between retail and logistics. “We view essential real estate as real estate that facilitates the distribution of everyday essential goods and services to consumers. Because it’s necessity-based, this kind of real estate has proven its ability to perform in all market conditions, says Vollenbruch, in an interview published in the June issue of Institutional Real Estate Europe.
“Essential real estate plays a very critical role in the delivery of essential goods and services,” says Vollenbruch. “Grocery real estate, in particular, facilitates the last-mile logistics of food and other necessities — whether the customer walks in to pick up or uses a click-and-collect service, or whether the last-mile is being fulfilled through online delivery of groceries. These propert
