StepStone Real Estate (SRE), the real estate arm of StepStone Group, announced its involvement in the sale of a portfolio of five grocery-anchored retail properties and two adjacent residential properties in Greater Copenhagen, Denmark. The portfolio was acquired by a joint venture between Slate Asset Management and OneIM.
During its ownership, Nrep, in partnership with SRE, led a comprehensive repositioning of the properties, transforming them into vibrant urban hubs with enhanced sustainability credentials. This strategic management resulted in increased customer footfall and improved tenant mix.
Josh Cleveland, Partner and Head of EMEA at SRE, commented on the opportunity to form a continuation vehicle with Nrep to invest in these necessity-based retail and residential assets. This transaction showcases SRE's capabilities in managing and divesting high-quality real estate assets in key European markets.
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