Slate Asset Management acquires two food portfolios
Frankfurt a.Main — The international law firm Goodwin has provided legal and tax advice to Slate Asset Management L.P. on the acquisition of two additional food portfolios in Germany. The portfolios consist of a total of 37 supermarkets and retail parks in eleven German states with a leasable area of around 75,000 square meters. Slate is acquiring the portfolios through its subsidiaries in two asset deals. The purchases are the seventh and eighth package purchases in 2019.
Slate Asset Management L.P. is a leading real estate investment platform with more than six billion CAD in assets under management. Since entering the market in December 2016, Slate has made 15 portfolio acquisitions in Germany. The portfolio under management in Germany now comprises 249 properties with a gross leasable area of around 432,000 square meters. Tenants are predominantly large food retailers such as Edeka, REWE, Lidl and Aldi.
Goodwin has advised Slate Asset Management on all transactions in the German market over the past three years, with Frankfurt real estate partner Marc Bohne and senior associate Matthias Rüdt from Collenberg as lead partners.
Advisor Slate Asset Management L.P.: Goodwin, Frankfurt a.M.
Marc Bohne, Photo (Partner), Matthias Rüdt von Collenberg (Senior Associate, both Lead, Real Estate), Heiko Penndorf (Partner, Tax), Martin Prokoph (Partner, Private Equity), Andreas Mallin (Counsel, Finance), Felix Krueger (Counsel, Tax), Christopher Jeschor (Associate) and Nicole Schlink (Senior Paralegal, both Real Estate)