Slate Asset Management acquires 12 supermarket premises in Portugal from LCN Capital

Slate Asset Management has acquired 12 supermarkets from LCN Capital for €150 million.

The portfolio comprises 12 buildings rented to the supermarkets Continente/Continente Modelo located in Lisbon, Porto and Faro.

“This acquisition by Slate from LCN Capital Partners marks Slate’s first investment in Portugal, which thereby expands its exposure to essential high-quality real estate assets in Europe,” the firm said in a statement.

The purchase deal was assisted by legal firm Uría Menéndez.