Press Release
August 9, 2023

Slate Asset Management Agrees To Acquire Grocery Retail Property Portfolio From x+bricks Group In Transaction Valued At Over EUR 1 Billion

The Frankfurt Real Estate and Tax teams advised Slate Asset Management in its agreement to acquire the grocery-anchored retail portfolio of x+bricks Group. The transaction will be executed in two tranches, subject to certain closing conditions and regulatory approvals. Both tranches of the transaction are collectively valued at over EUR 1 billion and comprise 188 properties. Additional transaction details were not disclosed.

To date, Slate has transacted on more than 650 daily needs-based retail properties in Germany. Today, Slate has a substantial footprint in the German market, with more than 220 properties, underpinned by Germany’s largest grocery and everyday goods distributors. Upon completion of the transaction, Slate will be one of the leading owners and operators of daily needs-based retail real estate in Germany.

Slate Asset Management is a global alternative investment platform targeting real assets, with a focus on creating long-term value for its investors and partners. Slate’s platform has a range of investment strategies that span real estate equity, real estate credit, infrastructure, and securities.

x+bricks is a leading platform for grocery-anchored real estate in Germany.

The Goodwin team was led by Marc Bohne and Felix Krüger and included Stephan Kock, Markus Käpplinger, Matthias Rüdt von Collenberg, Anton Amann, Hanna Kaufhold, Helena Velimirovic, Robert Jochim, Kira Müller, Nadine Gommel, Gleb Lidman, Felix Weber, Bastian Schmack, Sophie Hildner, Timo Baumann, Oana Millich, Elie-Raphaël Soudry, and Florian Brandelong.

For more information on the acquisition, please read the press release.