Schoenherr advised Slate Asset Management, a global alternative investment platform focused on real estate, on the acquisition of a portfolio of essential real estate assets in Austria and Slovakia for approximately EUR 90m.
The portfolio acquired by Slate Asset Management comprises approximately 66,000 m2 across nine single-tenanted assets which are let on long-term leases to OBI, one of Europe's largest DIY operators. This acquisition further builds on Slate Asset Management's successful track record within the essential real estate sector throughout Europe.
"We are happy to have advised Slate Asset Management in this transaction", said partner Peter Madl who led the Schoenherr team. "Together with the team of Slate Asset Management we seamlessly navigated all real estate, corporate and finance matters as well as cross-border considerations between Austria and Slovakia. Our assistance with legal advice will go beyond the closing of this transaction."
Slate Asset Management is a global alternative investment platform focused on real estate. It focuses on fundamentals with the objective of creating long-term value for investors and partners. Slate Asset Management's platform spans a range of investment strategies, including opportunistic, value add, core plus and debt investments. Supported by exceptional people and flexible capital, Slate Asset Management is able to originate and execute on a wide range of compelling investment opportunities.
The Schoenherr team advising Slate Asset Management was led by Peter Madl (partner) and Clemens Rainer (counsel) supported by Constantin Benes (partner); Laurenz Schwitzer (partner); Marco Thorbauer (attorney at law) and Florian Weisgram (associate).