Freshfields advises Ares Management on its sale of a pan-European logistics portfolio to Investec for €191m
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Ares Management Corporation (‘Ares’), a leading global alternative asset management firm, on the sale of its majority interest in a portfolio of 45 logistics properties to Investec (‘Investec’) the South African banking and investment management specialist.
The portfolio is valued at circa €900m, with a total GLA of 1,034,952sqm across six European countries. The assets are situated in Germany, France, Belgium, the Netherlands, Poland and Italy.
Prior to the transaction, Investec had been Ares’s minority interest joint venture partner in the portfolio. On completion, Investec became outright owners of the business.
The deal signed and closed on 24 February 2020.
The Freshfields team was led by partners Alex Watt and Jill Gatehouse.
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