U
rban Partners' real estate arm, Nrep, and StepStone Real Estate have sold a portfolio of seven properties in Greater Copenhagen to a joint venture between Slate Asset Management and OneIM. The portfolio includes five grocery-anchored retail properties and two adjacent residential properties. It is the first acquisition for the joint venture between Slate and OneIM.

    The properties are located in dense residential areas near major transportation corridors, with high foot traffic due to new tenants, including unique concept stores and medical clinics. During Nrep's ownership, the properties underwent a comprehensive repositioning, transforming them into vibrant urban hubs with best-in-class sustainability credentials.

    Today, the portfolio is well-occupied by leading regional grocers and Europe's largest retail chains, offering immediate upside potential through leasing of remaining vacancies and active management. Slate Asset Management sees this acquisition as an attractive entry point in the Danish market, driven by its conviction in the country's growth prospects and existing relationships with key tenants.

    Slate's Managing Director, Sven Vollenbruch, stated that the portfolio presents meaningful opportunities to unlock additional value through hands-on asset management. The joint venture between Slate and OneIM is actively targeting further acquisitions across the European essential retail sector.