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Slate Asset Management, a Toronto- and London-based real estate-focused investment firm, reports that it has closed an oversubscribed fund focused on investments in the European grocery store real estate markets.

The Slate European Real Estate Fund III closed at its hard cap of €250 million, which is about $270 million, above its target of €200 million, the asset management firm said. Brady Welch, one of the firm’s founding partners, said in a statement that he appreciated the show of faith from investors.

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