Slate Asset Management has secured €178 million in capital commitment for Slate European Essential Real Estate Income Fund.
Slate said the fund is part of Slate’s core-plus investment strategy focused on European essential real estate.
Essential real estate is the critical infrastructure that facilitates the distribution of non-discretionary essential goods and services to end consumers.
This strategy targets cash yielding assets critical to the supply chain with high credit quality tenants, such as grocery and other essential consumer goods providers, healthcare assets, and affiliated warehouses and logistics centers. These assets have proven to be defensive in nature with historically resilient income streams that can withstand periods of economic volatility.
Jerry Cain, Managing Director of Investor Relations at Slate, said, “We are very appreciative of the support we’ve received from our institutional partners. Since 2010, we have believed in owning the critical real estate, near roof-tops, that facilitates the distribution of goods and services to the consumer. Whether visiting in store, click and collect or delivery; food, healthcare and other non-discretionary goods need to get to consumers in good times and in bad. We are very pleased with our pipeline of opportunities and believe this strategy offers a tremendous opportunity for growth.”