Ares Group took over IVG’s European portfolio for more than €100m. The deal includes assets, totaling 45,000 sqm of office and retail space, located in Germany, Sweden, the UK, the Netherlands and Poland. “We’re satisfied with this takeover of the portfolio providing strong tenant mix,” said Wilson Lamont, a partner at Ares Real Estate Group.
Active on the European market since 1995, Ares Real Estate Group manages a real estate portfolio worth $84bn. IVG was one of the most active investors on the Polish market, concluding more than 10 transactions, worth €350m. Its Warsaw portfolio includes project like Le Palais, Royal Trakt Offices, Norway House, Pałac Młodziejowskiego, Feniks and Chmielna 25.
