Slate Asset Management has agreed to acquire a portfolio of six essential real estate properties in Germany, valued at more than €100 million.

The global investor, which focuses on essential real estate and infrastructure assets, confirmed the acquisitions are being executed through three separate transactions. All deals are expected to close in the fourth quarter of 2025, subject to customary conditions.

The properties are described as modern and well-located, situated in densely populated German submarkets with strong consumer demand. Each asset is leased on long-term, index-linked agreements to major grocery and goods distributors including Schwarz Group, Aldi, REWE Group and Edeka Group.

Sven Vollenbruch, Managing Director at Slate, said: “We are pleased to be further increasing our exposure to Germany’s essential real estate sector with this portfolio of high-quality, exceptionally located properties, which we are acquiring at a basis that we believe will allow us to create meaningful value for our investors. We have been highly active in Europe this year and remain energized by the opportunities we are seeing to invest in European essential real estate across the entire risk spectrum. Our pipeline today is as full as it has been in several years, and we look forward to executing on a number of additional transactions before year-end.”

The acquisition pushes Slate’s total European investments in essential real estate past €800 million so far in 2025. Since entering the European market in 2016, the firm has transacted on more than 1,000 commercial properties across eight countries.

Slate continues to prioritise assets critical to everyday life, such as grocery stores, necessity-driven retail centres, and the logistics infrastructure that supports the supply of food and other essential goods.

The deal was advised by Goodwin Procter, JLL, REDEFINE Group, KPMG, Gleeds, Verifort Capital and agradblue.