# Slate and OneIM Acquire Oslo Grocery Retail Portfolio

> Slate Asset Management and OneIM agree to buy €250m of grocery-anchored retail properties in Norway.
- Title: Slate and OneIM Acquire Oslo Grocery Retail Portfolio
- Summary: Slate Asset Management and OneIM agree to buy €250m of grocery-anchored retail properties in Norway. Slate Asset Management and OneIM acquired eight…
- Keywords: slate asset management, oneim, norway, oslo, grocery-anchored retail, real estate, euro, 250 million, money, business, Slate, Acquire
- Source: Financialpost — https://financialpost.com/pmn/business-wire-news-releases-pmn/slate-asset-management-and-oneim-agree-to-acquire-portfolio-of-grocery-anchored-essential-real-estate-in-the-greater-oslo-region-valued-at-approximately-e250-million
- Read time: 1 min
- Topics: slate asset management, oneim, norway, oslo, grocery-anchored retail, real estate, euro, 250 million, money, business
## Slate and OneIM Announce Oslo Retail Portfolio Deal
Slate Asset Management and One Investment Management agreed to acquire a portfolio of eight grocery-anchored retail parks in Norway from Tellus Eiendom AS.
## Portfolio Anchored by Norway's Top Grocery Operators
The portfolio is located in the Greater Oslo region and features Coop, NorgesGruppen, and Reitan Retail as key tenants.
## Slate Highlights Inflation-Protected Cash Flows
Slate's co-founder Brady Welch noted the portfolio benefits from CPI-linked lease structures for durable, inflation-protected cash flows.
## Tellus CEO Expresses Satisfaction with Sale
Per Øivind Dahl, CEO of Tellus Eiendom AS, stated they built the portfolio over many years and are pleased to entrust it to Slate.
## Tenant Sales Show Resilience Through Economic Shifts
Tenant sales have grown consistently across the portfolio despite inflation and rising interest rates, demonstrating necessity-driven demand.
## Acquisition Builds on Existing Nordic Investments
This acquisition follows Slate and OneIM's investments in five grocery-anchored retail properties in Greater Copenhagen and four essential real estate properties in Germany.
## Slate Scales Nordic Real Estate Platform
The deal further scales Slate's growing Nordic platform and adds to its pan-European essential value add real estate strategy.
## Slate's European Real Estate Activity Since 2016
Slate has been an active investor in European real estate since 2016, transacting on more than 1,000 commercial properties across nine countries.
## Key takeaway

Slate Asset Management and OneIM acquired eight grocery-anchored retail parks in Norway's Greater Oslo region for approximately €250 million.