Slate Asset Management has announced the final close of 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 €200mn and closed at its hard-cap of €250m. Since December 2016, Slate has completed a total of 250 grocery property acquisitions in Europe comprising over 450,000m² of gross leasable space. Slate has European offices in London, Frankfurt, Dublin and Luxembourg.
"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."