Uría leads Slate’s €150M supermarkets buy in Portugal
Uría Menéndez has provided legal counsel to Slate Asset Management in the acquisition of a portfolio of 12 supermarkets in Portugal, valued at approximately €150 million. The portfolio consists of 12 commercial spaces leased to Continente/Continente Modelo, located in major urban areas and geographically spread throughout the country, mainly concentrated in the Lisbon Metropolitan Area, Porto, and Faro. This acquisition from LCN Capital Partners marks Slate’s first investment in Portugal, enhancing its exposure to high-quality essential real estate assets in Europe, states Uría in a press release.
The advisors
The Uría Menéndez team that advised on this transaction was led by Rita Xavier de Brito (partner, M&A – real estate), with support from Marta Pontes (partner, tax), Miguel Stokes (partner, M&A), Miguel Rodrigues Leal (counsel, banking and finance), Pedro Teixeira de Sousa (managing associate, real estate – urban planning), Domingos Braga (senior associate, M&A – real estate), Raquel Silva (senior associate, tax), Luís Assis Teixeira (junior associate, M&A – real estate), and Inês Roxo (junior associate, M&A).
