Nrep and Slate Asset Management Enter Agreement on Essential Real Estate Portfolio in Denmark
Urban Partners' real estate arm, Nrep, together with StepStone Real Estate ('SRE'), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), are pleased to announce the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen. The portfolio is being acquired by a joint venture between Slate Asset Management ('Slate' or the 'Firm'), a global investor and manager focused on essential real estate and infrastructure assets, and OneIM, a global alternative investment manager that invests across the capital structure in a range of asset classes.
OneIM is Slate's capital partner in the transaction, which is the first for Slate and OneIM's joint venture. The joint venture is actively targeting further acquisitions across the European essential retail sector. The acquisition marks Slate's first investment in Denmark and further increases the Firm's portfolio of high-quality essential real estate assets in Europe.
All of the properties in the portfolio are in dense residential areas (Holte Midtpunkt, Lyngby Stationscenter, Frihedens Butikscenter, Vallensbæk Stationstorv Syd, and Taastrup Torv) and near the city's five major transportation corridors. During its ownership, Nrep led a comprehensive repositioning of the properties, transforming them into vibrant urban hubs with best-in-class sustainability credentials. Customer footfall has increased due to the addition of new tenants, including unique concept stores, diverse food and beverage offerings, and medical clinics. The introduction of new concepts and general renovations have also contributed to more efficient customer and tenant journeys, boosting turnover and activity in the surrounding areas.
Today, the properties in the portfolio are let to leading regional grocers as well as some of Europe's largest and best-performing retail chains. The portfolio is well-occupied, with immediate upside potential through leasing of remaining vacancies and continued active management of the portfolio.
'We are pleased to be scaling our presence in the Nordics with this strategic acquisition in Denmark,' said Sven Vollenbruch, Managing Director at Slate. 'We have great conviction in the tailwinds driving growth in the Danish market, which has consistently outperformed the broader Eurozone across a number of key macroeconomic indicators. This portfolio presents an attractive entry point for us in this market given it is anchored by leading essential goods tenants – many of whom we already have well-established relationships with – and presents meaningful opportunities to unlock additional value through active, hands-on asset management.'
'This transaction epitomises our investment strategy,' said Thomas Riise-Jakobsen, partner and country manager for Denmark at Nrep. 'The properties are in attractive locations with reliable occupancy and offer significant ESG potential. They sit at the intersection of best-in-class development and the green transition, which is Nrep's absolute sweet spot. We are proud of the work we have done to enhance the portfolio - renovating, repositioning and elevating the centers and their surrounding communities - while delivering strong returns to our investors. With Slate Asset Management taking over, I have no doubt they will capitalise on the progress to date to elevate the properties further.'
Josh Cleveland, Partner and Head of EMEA at SRE added: 'Nrep has been an important partner of ours in the Nordics and the opportunity to form a continuation vehicle with them to invest in these strong necessity-based retail and residential assets was an attractive investment opportunity for us.'
Nrep has continuously renovated and upgraded the individual properties while strengthening the tenant mix. The projects have included local planning initiatives and the potential for 100 new residential units at Taastrup Torv. In Vallensbæk and Friheden alone, over 16,000 square meters of residential space have been created.
Slate maintains a distinct focus on essential real estate, concentrating on the acquisition, ownership, and operation of assets vital to daily life, including grocery, necessity-based retail centers, and the logistics infrastructure that supports the distribution of food and other non-discretionary goods. Since entering the European market in 2016, Slate has been an active investor, completing transactions on more than 1,000 commercial properties across eight countries.
Schjødt, Thylander, COWI, and PwC supported Slate in the transaction, while CBRE, Bruun & Hjejle, and Deloitte advised Nrep.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.
About OneIM
OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York. https://www.oneimgroup.com/
About Nrep
Nrep is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, Nrep is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe. Nrep is part of Urban Partners. For more information, visit www.nrep.com
About StepStone Group and StepStone Real Estate
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for $709 billion of total capital, including $189 billion of assets under management. StepStone's clients include some of the world's largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the real estate, private equity, infrastructure, and private debt asset classes.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250706083807/en/
CONTACT: Media
Slate Asset Management
Karolina Kmiecik
[email protected] Partners/ Nrep
Mikkel Ballegaard Pedersen
[email protected]
KEYWORD: DENMARK EUROPE
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY ASSET MANAGEMENT
SOURCE: Slate Asset Management
Copyright Business Wire 2025.
PUB: 07/07/2025 02:00 AM/DISC: 07/07/2025 02:00 AM
http://www.businesswire.com/news/home/20250706083807/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
FTI Consulting Report: An Endgame for the Epic E-Commerce Era Is Within Sight
WASHINGTON, July 07, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the release of its 2025 U.S. Online Retail Report which projects e-commerce sales will hit $1.27 trillion in 2025, an 8.5% increase over last year. Despite the positive projection, the report found that online retail market share may be approaching a ceiling by the end of the decade, as consumers look for e-commerce to be increasingly integrated with all their retail experiences. The firm's Retail & Consumer Products practice, which conducted the analysis for the report, expects e-commerce will account for 23.5% of U.S. retail market share in 2025, up slightly from 22.7% in 2024 and 21.6% in 2023, while the online channel's share gains are expected to decelerate further and approach a plateau near 30% by 2030. Taking a closer look, total retail sales from 2020-2024 rose a combined $2.4 trillion above pre-COVID expectations, but that number may be misleading, with 40% of that growth attributable to inflation. Similarly, online retail sales from 2020-2024 were $932 billion above pre-COVID expectations, as the 'pull forward' effect during the COVID period altered shopping patterns and accelerated share gains for the online channel that have since slowed notably. 'While consumers have continued to increase their spending, inflation-adjusted sales growth has been marginal or negative since 2023 as the retail sector struggles to generate real sales growth,' said Jeff Wray, a Senior Managing Director, and U.S. Leader of FTI Consulting's Retail & Consumer Products industry and Business Transformation practices. 'While inflation is trending lower, discretionary spending is cooling amid tariff concerns, a cautionary jobs market and geopolitical uncertainty. These dynamics are weighing on consumers' minds, and prospects for their spending appetite in the second half of the year are subdued.' The report also highlights how brands are adapting, evolving and embracing retail partnerships that they once sought to avoid. Shoppers' excitement around events like Amazon's Prime Day, and the revenue boost it brings to retailers, is evidence that the old direct-to-customer ('DTC') models aren't enough on their own anymore. 'This evolution marks a critical moment for online retail. It's no longer just about who owns the customer relationship; it's about who can deliver value across every channel the consumer chooses to shop,' said, Michael Eisenband, Global Leader of FTI Consulting's Corporate Finance & Restructuring segment. 'The DTC revolution isn't over. It's simply evolved. The next wave of winners will be those who invest wisely, scale intentionally and build capabilities that connect the dots across every consumer touchpoint — from livestream to doorstep, and everything in between.' For more information, read the full report here. About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year 2024. More information can be found at FTI Consulting, Inc. 555 12th Street NW Washington, DC 20004 +1.202.312.9100 Investor Contact: Mollie Hawkes+ Media Contact: Nick Emmons+ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Coca-Cola Investigation Could Shake Up the Beverage Industry
Coca-Cola is back in the hot seat. The Turkish government has launched an investigation into the beverage giant over allegations it's using its market power to suppress competitors, raising questions not just about business ethics but environmental responsibility. According to The Cool Down, Turkey's Competition Board announced the probe this week, citing 'strong suspicions' that Coca-Cola has engaged in practices that obstruct the sale of rival products at retail outlets. The board will also review whether the company has honored commitments made in 2021 after earlier antitrust scrutiny. At the heart of the investigation is a familiar concern: how multinational corporations use their clout to dominate shelf space and consumer choice. But this time, there's an added layer—environmental impact. Coca-Cola has long been criticized for its role in global plastic pollution. Environmental watchdogs frequently rank the brand among the worst offenders. If the company is found to be actively blocking access to more eco-conscious competitors, some of which offer locally sourced or reusable packaging options, the implications go beyond business fairness. It raises questions about whether monopolistic behavior is keeping greener solutions off the table. For smaller beverage companies trying to innovate and push toward sustainable alternatives, having a fair shot in the marketplace is everything. When big players flex their influence to crowd out competition, the public ultimately loses, both in choice and in potential progress toward a lower-waste future. If Turkish regulators rule against Coca-Cola, it could spark broader momentum for change. The decision may prompt other governments to investigate similar practices in their own jurisdictions and increase pressure on major corporations to clean up not just their products, but also their playbook. For now, Coca-Cola hasn't issued a public response. But the stakes are high. This isn't just about soda. It's about the systems that shape what ends up on shelves and what kind of companies survive in today's Investigation Could Shake Up the Beverage Industry first appeared on Men's Journal on Jul 5, 2025
Yahoo
27 minutes ago
- Yahoo
Trump Sets Aug. 1 Start for Tariffs Ahead of Wednesday Deadline
(Bloomberg) -- President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline. Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.' Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Are Tourists Ruining Europe? How Locals Are Pushing Back Massachusetts to Follow NYC in Making Landlords Pay Broker Fees NYC Commutes Resume After Midtown Bus Terminal Crash Chaos The time line for the talks appeared to be reset after US officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. That gives them the option of three more weeks for deal-making. For weeks, the administration warned that Trump would impose levies on July 9 for countries failing to secure an accord, reverting to the levels announced on so-called Liberation Day on April 2. The European Union said that progress has been made toward securing a deal and that the bloc is still working toward the Wednesday deadline. Trump and European Commission President Ursula von der Leyen spoke on Sunday and had a 'good exchange,' a spokesman for the EU's executive arm said Monday in Brussels. German Chancellor Friedrich Merz over the weekend discussed how to resolve the US trade dispute in separate phone calls with Von der Leyen as well as counterparts from France and Italy, a government spokesman told reporters in Berlin on Monday. 'Time is running out,' Merz's chief spokesman Stefan Kornelius told a regular government news conference in Berlin, adding that Germany continues to support the Commission's strategy in the negotiations with the US. 'It's a complex matrix of factors that need to be taken into account.' Emboldened by a legislative win and a US stock market hitting a record high last week, Trump is flexing his tariff authority as a tool to pursue domestic economic gains and taunt geopolitical rivals. His latest threat was a 10% import tax on 'any country aligning themselves with the Anti-American policies of BRICS.' 'There will be no exceptions to this policy,' he said in a Truth Social post, just as BRICS nations led by Brazil, Russia, India, China and South Africa were gathering in Rio de Janeiro for meetings starting Sunday. After two months of gains amid trade war truces, tariff tensions were back in view for equity investors. S&P 500 futures fell 0.5% after cash equity markets were closed in the US on Friday for the July 4 holiday. European stocks were flat, while a gage for Asian equities declined 0.7%. The dollar strengthened as much as 0.5%, hitting its highest against a currency basket in more than a week. The Australian and New Zealand dollars each sank roughly 1% on the view that higher tariffs could have a serious impact on the countries, which count China as a major trade partner. Shorter-dated US Treasuries gained modestly amid weaker risk appetite. Heading into the final days before the July 9 end of Trump's 90-day reprieve of so-called reciprocal tariffs, Treasury Secretary Scott Bessent said 18 major trading partners are the priority, with several big agreements expected to be announced. He also acknowledged the sheer number of ongoing discussions is complicating the final stages. 'There's a lot of congestion going into the home stretch,' the Treasury chief said on Fox News Sunday while declining to characterize Aug. 1 as the new official deadline. 'If you want to speed things up, have at it,' he said on CNN about countries that receive a letter. 'If you want to go back to the old rate, that's your choice.' In a social media post on Sunday, Trump said he'll announce that 'the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting' at noon Washington time. Officials from economies including the European Union and Japan were in discussions with Washington through the US holiday weekend. The Trump administration has stated for weeks that multiple accords are imminent, but so far only a limited framework with the UK, a truce with China and Trump's brief outline of a pact with Vietnam have been announced. --With assistance from Alice Gledhill, Jorge Valero and Michael Nienaber. For Brazil's Criminals, Coffee Beans Are the Target Sperm Freezing Is a New Hot Market for Startups SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate China's Homegrown Jewelry Superstar ©2025 Bloomberg L.P. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
