Ares Real Estate funds acquire Polish logistics portfolio

Real estate funds managed by Ares Management Corporation have acquired a modern logistics portfolio in Poland for an undisclosed price.

Logistics shed

The portfolio was purchased from Savills Investment Management, an international real estate investment manager that initially acquired the first asset in 2020. Marq Logistics, Ares' specialised platform for global logistics real estate, will be responsible for managing the newly acquired properties.

This portfolio consists of five logistics assets, totalling 284,000 m2. These properties are strategically located in key Polish logistics hubs, including Warsaw, Poznan, Upper Silesia, and Szczecin. All assets were developed to high standards between 2017 and 2018 and are situated near major transportation routes, such as the S8, S5, S11 expressways, and the A1 and A2 motorways. The portfolio boasts a 94% occupancy rate with a diverse group of tenants from the e-commerce, retail, manufacturing, and 3PL sectors.

Daan van den Hoven, partner and head of European Logistics at Ares, said: “Logistics is one of our highest conviction sectors and Poland is a market in which we have been investing for over two decades, placing this transaction at the intersection of our differentiated sector knowledge and localised investment approach.”

Evert Castelein, head of Industrial & Logistics Europe at Savills IM, added: “This disposal represents the successful culmination of our business plan following the acquisition of the portfolio in 2020, when we recognised both its potential and the opportunities offered by the Polish logistics market. Since then, our focused asset management strategy, executed in conjunction with our experienced local team, has strengthened the portfolio and delivered on this vision despite a challenging global environment in recent years.” 

JLL and Trebbi advised Ares, while Cushman & Wakefield and Savills acted for Savills IM.