Key Takeaways
- • Ares Management started a European logistics investment partnership with Norges Bank Investment Management (NBIM), which has committed €1.5B ($1.7B) to the venture, according to the companies' announcement on Wednesday.
- • Ares will participate through its Ares Real Estate arm, providing logistics investment expertise while NBIM supplies the capital.
- • The partnership is the first collaboration between Ares and NBIM, targeting modern, high-quality logistics assets across Europe serving supply chain, distribution, and e-commerce needs.
- • The strategy will draw on Marq Logistics, Ares' integrated logistics operating platform, which manages over 2,250 properties totalling more than 655 million square feet.
- • Ares stock rose 1.2% in premarket trading following the announcement.
Summary
Ares Management ARES has formed a European logistics investment partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund manager, which has committed €1.5B ($1.7B) to the venture, the companies said on Wednesday. Ares will participate through its Ares Real Estate arm, contributing expertise in logistics investing while NBIM provides the capital. The venture marks the first collaboration between the two firms.
The partnership will target logistics investment opportunities across Europe, with a focus on modern, high-quality assets that serve evolving supply chain, distribution, and e-commerce needs. The strategy will tap the resources of Marq Logistics, Ares' integrated logistics operating platform, which manages a portfolio of more than 2,250 properties totalling over 655 million square feet.
Daan van den Hoven, partner and head of European Logistics at Ares, said demand for modern, well-located logistics facilities continues to be supported by structural trends, and that the firm believes it can capitalize on opportunities through thoughtful asset selection and management. Ares shares rose 1.2% in premarket trading.
The partnership will target logistics investment opportunities across Europe, with a focus on modern, high-quality assets that serve evolving supply chain, distribution, and e-commerce needs. The strategy will tap the resources of Marq Logistics, Ares' integrated logistics operating platform, which manages a portfolio of more than 2,250 properties totalling over 655 million square feet.
Daan van den Hoven, partner and head of European Logistics at Ares, said demand for modern, well-located logistics facilities continues to be supported by structural trends, and that the firm believes it can capitalize on opportunities through thoughtful asset selection and management. Ares shares rose 1.2% in premarket trading.
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