Slate completed the acquisition of 45 grocery properties for €420m.

Slate, a global alternative investment platform targeting real assets, completed the acquisition of 45 grocery properties located in Germany for €420m. “In a muted transaction environment, our European team has successfully executed nearly half a billion euros of essential real estate transactions in the first three months of the year. We are very pleased to further scale our exposure to this asset class with these portfolios of high-quality, stabilized grocery properties that are underpinned by Germany’s leading food and essential goods distributors. Slate has firmly established itself as a leading owner and operator of essential real estate in Germany, and we believe the strong pipeline of opportunities we have cultivated in this sector will drive our continued growth in Germany and across broader Europe,” Sven Vollenbruch, Slate Managing Director.