Key Takeaways
- • Ares Real Estate and Norges Bank Investment Management (NBIM) have established a European logistics investment partnership with up to €1.5 billion of capital, with NBIM making an equity commitment of €1.5 billion.
- • The partnership marks the first collaboration between Ares and NBIM, according to the announcement made via Business Wire.
- • Ares will target modern, high-quality logistics assets across Europe serving supply chain, distribution and e-commerce needs, leveraging its Marq Logistics platform, which manages over 2,250 properties totaling more than 655 million square feet globally.
- • The strategy will pursue both standing assets and development opportunities, per NBIM's Global Head of Real Estate Alex Knapp.
- • Ares Real Estate manages approximately $121 billion in AUM as of June 30, 2026, while Ares Management Corporation's global platform exceeds $671 billion.
Summary
Ares Management Corporation (NYSE: ARES) announced that Ares Real Estate has established a European logistics investment partnership with Norges Bank Investment Management (NBIM), under which NBIM has made an equity commitment of €1.5 billion. The vehicle is described as up to €1.5 billion in the headline. The transaction is the first collaboration between the two firms.
According to the release, Ares will target attractive logistics investment opportunities across Europe, with a focus on modern, high-quality assets serving evolving supply chain, distribution and e-commerce needs. The strategy will draw on Marq Logistics, Ares' integrated logistics operating platform, which manages a global portfolio of more than 2,250 properties totaling over 655 million square feet.
Julie Solomon, Partner and Head of Ares Real Estate, said the commitment reflects a shared conviction in the scale of the European logistics market opportunity. Daan van den Hoven, Partner and Head of European Logistics at Ares, cited structural demand trends supporting modern, well-located logistics facilities and said the firm expects to capitalize on opportunities through asset selection and management. Alex Knapp, Global Head of Real Estate at NBIM, said the partnership gives NBIM access to both standing assets and development opportunities.
Ares Real Estate is one of the most scaled and diversified vertically integrated real estate managers globally, with approximately $121 billion in assets under management as of June 30, 2026, and more than 720 professionals across the Americas, Europe and APAC. Ares Management Corporation reported over $671 billion in global AUM as of the same date. NBIM manages the Norwegian Government Pension Fund Global, with assets of approximately 22,000 billion Norwegian kroner (around $2.3 trillion), invested in equities, fixed income, real estate and renewable energy infrastructure.
According to the release, Ares will target attractive logistics investment opportunities across Europe, with a focus on modern, high-quality assets serving evolving supply chain, distribution and e-commerce needs. The strategy will draw on Marq Logistics, Ares' integrated logistics operating platform, which manages a global portfolio of more than 2,250 properties totaling over 655 million square feet.
Julie Solomon, Partner and Head of Ares Real Estate, said the commitment reflects a shared conviction in the scale of the European logistics market opportunity. Daan van den Hoven, Partner and Head of European Logistics at Ares, cited structural demand trends supporting modern, well-located logistics facilities and said the firm expects to capitalize on opportunities through asset selection and management. Alex Knapp, Global Head of Real Estate at NBIM, said the partnership gives NBIM access to both standing assets and development opportunities.
Ares Real Estate is one of the most scaled and diversified vertically integrated real estate managers globally, with approximately $121 billion in assets under management as of June 30, 2026, and more than 720 professionals across the Americas, Europe and APAC. Ares Management Corporation reported over $671 billion in global AUM as of the same date. NBIM manages the Norwegian Government Pension Fund Global, with assets of approximately 22,000 billion Norwegian kroner (around $2.3 trillion), invested in equities, fixed income, real estate and renewable energy infrastructure.
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