Rymarz Zdort Maruta advises Ares Management and Slate Asset Management on acquisition of portfolio of 36 properties in Poland valued at over EUR 300 million

We are pleased to announce that we have advised Ares Real Estate funds (“Ares”) – affiliates of Ares Management Corporation – and Slate Asset Management on their acquisition of a Polish real estate portfolio worth more than EUR 300 million from Trei Real Estate, an international asset management developer.

The portfolio comprises 36 recently developed and fully occupied convenience-led retail parks strategically located across major Polish metropolitan areas near large catchment populations. The assets are inflation-protected through CPI-linked lease agreements. Most of the portfolio’s income is derived from large regional retailers and essential goods providers, including grocers.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes.

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets.

Trei Real Estate is a company from the German Tengelmann Group that focuses on real estate development and investments in Germany, Poland and the United States.

The work of the transaction team was led by Piotr Fedorowicz, a partner and the head of the Real Estate practice, and included Tomasz Bąkowski (senior associate), Tomasz Karkowski (senior associate), Rafal Ćwikliński (associate), Agnieszka Jabłońska-Zachwieja (associate), Alicja Szymańska (associate) and Karol Wojtkowski (associate). Iwona Her (partner), Tomasz Kordala (counsel) and Justyna Niezgoda (associate) provided support on antitrust aspects.