Ares Management and Norges Bank Investment Management have formed their first partnership to invest in European logistics properties. The venture is backed by a €1.5 billion equity commitment.
The partners aim to capitalize on rising demand driven by e-commerce and supply chain modernization across Europe. Ares will use its existing real estate platform, which manages a significant global logistics portfolio, to acquire and manage properties.
The partnership will expand Ares’ footprint in a resilient, growing segment of the real assets market and address changing needs for distribution and online retail infrastructure.