A joint venture formed by Ares Management Corp.’s Ares Real Estate funds and Slate have agreed to acquire a portfolio of 36 Polish properties from Trei Real Estate, an international developer and asset manager. The portfolio is valued at more than €300 million ($349 million).
The portfolio comprises 36 recently developed and fully occupied convenience-led retail parks strategically located across major Polish metropolitan areas near large catchment populations. The assets are inflation protected through CPI-linked lease agreements underpinned by tenants with strong covenants. Most of the portfolio’s income is derived from large regional retailers and essential goods providers, including grocers and pharmacies.
“This transaction underlines our conviction in Polish real estate and the broader European retail sector, both of which are areas in which Ares has been investing for over two decades,” said Kevin Cahill, partner and head of European diversified Investm
