Slate Asset Management completed the acquisition of 12 grocery properties in Portugal from LCN Capital Partners for €150m.

Slate Asset Management, a global alternative investment platform, completed the acquisition of 12 grocery properties in Portugal from LCN Capital Partners, a private equity firm investing in sale-leaseback and net lease investments, for €150m. "This acquisition marks an exciting new chapter of growth for our European platform, as we expand into a new market with a portfolio underpinned by a leading regional grocer. We have spent over a decade acquiring, owning, and operating grocery real estate in markets across Europe, with a strong team that expertly understands the grocery landscape and works collaboratively with tenants to maximize the value of our real estate. We look forward to bringing our expertise to Portugal and unlocking new growth opportunities in this market on behalf of our investors," Brady Welch, Slate Co-Founding Partner.