The Frankfurt Real Estate Industry team advised Slate Asset Management on the acquisition of three food retail portfolios in Germany by its affiliate. The portfolio comprises 19 properties in eight German federal states with a lettable area of approximately 27.600 square meters.
The Frankfurt team has advised Slate on all transactions in Germany over the past two and a half years.
Slate Asset Management L.P. is a leading real estate investment platform with over $6 billion in assets under management. Since its market entry in December 2016, Slate has completed a total of thirteen portfolio acquisitions in Germany. The company's European portfolio today comprises 192 food markets in Germany with a total lettable area of over 290,000 square meters. Tenants are predominantly large food retailers such as Edeka, REWE, Lidl and Aldi.
Advising on both the legal and tax aspects of the acquisition, the Goodwin team was led by partner Marc Bohne and associate Matthias Ruedt von Collenberg and included partners Stephan Kock and Heiko Penndorf, counsel Felix Krueger and associate Gleb Lidman.
For additional details on the acquisition, please read the press release.