Slate AM acquires six German retail real estate assets

Global real estate investor Slate Asset Management has agreed to purchase six essential real estate properties in Germany for over €100 mln. 

Slate AM - Aldi store

The transaction will be conducted through three separate deals, expected to finalize in late 2025.
These properties are strategically located in in densely populated German areas with strong consumer spending. They are secured by long-term, inflation-linked leases with Germany's leading grocery and everyday goods distributors, including Schwarz Group, Aldi, REWE Group, and Edeka Group, with whom Slate already has strong ties.
This acquisition increases Slate's total investment in European essential real estate this year to over €800 mln, with over €500 mln specifically in Germany. Slate focuses on essential real estate such as grocery stores, retail centres, and logistics infrastructure crucial for daily necessities. 
Since 2016, Slate has invested in over 1,000 commercial properties across eight European countries.
Sven Vollenbruch, Managing Director at Slate, stated: “We are pleased to be further increasing our exposure to Germany’s essential real estate sector with this portfolio of high-quality, exceptionally located properties, which we are acquiring at a basis that we believe will allow us to create meaningful value for our investors. We’ve been highly active in Europe this year and remain energized by the opportunities we are seeing to invest in European essential real estate across the entire risk spectrum. Our pipeline today is as full as it has been in several years, and we look forward to executing on a number of additional transactions before year-end.”
Goodwin Procter, JLL, Redefine Group, KPMG, Gleeds, Verifort Capital, and agradblue provided advisory services to Slate for these deals.