Slate Asset Management (Slate), an alternative asset management platform with a focus on real estate, announced the final close of its Slate European Real Estate Fund III (Slate Europe III) at its hard-cap of €250 million, exceeding its target size of €200 million.
Slate said, consistent with its predecessor funds, Slate Europe III will target grocery real estate assets in Europe.
“During this unprecedented time of market disruption, we are pleased to close Slate Europe III at its hard-cap and are thankful for the confidence investors from diverse geographies continue to place in us as Slate expands its presence across Europe,” said Brady Welch, Slate‘s London-based Founding Partner.
“We have been investing in last-mile logistics for some time and are proud to launch our third fund in the European grocery real estate space since 2016, a feat that underscores our commitment to the sector and validates the importance of last-mile solutions in the grocery real estate market.”
Since December 2016, Slate has completed a total of 250 grocery property acquisitions in Europe comprising over 450,000 square meters of gross leasable space. Slate has European offices in London, Frankfurt, Dublin and Luxembourg.