Key Takeaways
- • Ares Management and Norges Bank Investment Management have established a European logistics real estate investment partnership with capacity of up to EUR 1.5 billion.
- • Norges Bank Investment Management, which manages Norway's Government Pension Fund Global, has made an equity commitment of EUR 1.5 billion to the partnership.
- • The announcement does not disclose target countries, specific properties, deployment timeline, or expected returns.
- • The partnership will focus on European warehouses and distribution facilities serving supply chains and e-commerce operations.
Summary
Ares Management Corporation and Norges Bank Investment Management (NBIM) have established a European logistics real estate investment partnership with an investment capacity of up to EUR 1.5 billion, according to a Reuters report. NBIM has made an equity commitment of EUR 1.5 billion to the partnership, establishing the financial scale of the vehicle.
Ares is a global alternative investment manager with businesses spanning real estate, credit, private equity and other strategies, and its real estate platform invests across property sectors and markets. NBIM manages Norway's Government Pension Fund Global on behalf of the Norwegian government and invests internationally across equities, fixed income, real estate and renewable energy infrastructure.
The partnership will focus on logistics real estate in Europe, a sector that includes warehouses and distribution facilities supporting supply chains and e-commerce operations. The announcement does not specify the countries or markets being targeted, the properties under consideration, the allocation of capital across countries, the pace of deployment, or expected returns. Details of the investment strategy and asset acquisition plans have not been disclosed in the available announcement.
The partnership's geographic reach and role in the European logistics property market will become clearer as the partners identify markets and properties for acquisition. Future acquisition announcements are expected to provide more detail on the vehicle's scope.
Ares is a global alternative investment manager with businesses spanning real estate, credit, private equity and other strategies, and its real estate platform invests across property sectors and markets. NBIM manages Norway's Government Pension Fund Global on behalf of the Norwegian government and invests internationally across equities, fixed income, real estate and renewable energy infrastructure.
The partnership will focus on logistics real estate in Europe, a sector that includes warehouses and distribution facilities supporting supply chains and e-commerce operations. The announcement does not specify the countries or markets being targeted, the properties under consideration, the allocation of capital across countries, the pace of deployment, or expected returns. Details of the investment strategy and asset acquisition plans have not been disclosed in the available announcement.
The partnership's geographic reach and role in the European logistics property market will become clearer as the partners identify markets and properties for acquisition. Future acquisition announcements are expected to provide more detail on the vehicle's scope.
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