Slate Asset Management raises EUR250m in third European real estate fund

Slate Asset Management, an alternative asset management platform focused on real estate, has closed its Slate European Real Estate Fund III.

Consistent with its predecessor funds, Slate Europe III will target grocery real estate assets in Europe. The oversubscribed closed-end fund exceeded its target size of EUR200 million and closed at its hard-cap of EUR250 million.

"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," says 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 sq m of gross leasable space. Slate has European offices in London, Frankfurt, Dublin, and Luxembourg.