Slate Asset Management to acquire the grocery-anchored retail property portfolio from x+bricks Group for €1bn.

Slate Asset Management, a global alternative investment platform, agreed to acquire the grocery-anchored retail property portfolio from x+bricks Group, a platform for grocery-anchored real estate, for €1bn. “We are very pleased to be increasing our exposure to high-quality daily needs-based real estate in Germany, which we believe is a stable and defensive asset class with a positive growth outlook. Our ability to source and execute a transaction of this scale demonstrates the strength of Slate’s global team, the depth and breadth of our regional relationships, and our access to flexible capital through trusted partners who understand the value we bring to bear as investors and managers,” Brady Welch, Slate Asset Management Co-Founding Partner.