Lawyers from Goodwin’s Frankfurt office represented Slate Asset Management L.P. in its announced agreement to purchase 67 predominantly grocery-anchored real estate assets totaling 136,000 square meters of gross leasable area located throughout Germany. The majority of the tenants are the largest global retailers in the world, including Lidl, Aldi, Edeka and REWE. The acquisition is Slate’s first in Germany and marks its entry into the market.
Slate Asset Management L.P. is a leading real estate investment platform with over $3.5 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all its private and publicly traded investment vehicles, which are tailored to the unique goals and objectives of its investors.
The Goodwin team advising Slate was led by Real Estate partner Marc Bohne and included partners Stephan Kock (Real Estate Finance) and Lars Jessen (Private Equity) and associates Matthias Rüdt von Collenberg, Andreas Mallin and Martin Prokoph.
For more information on the transaction, please view Slate’s press release.