**Ares and Slate JV to Acquire €300M+ Retail Portfolio in Poland**
A joint venture between Ares Real Estate funds and Slate Asset Management has agreed to acquire a portfolio of 36 retail properties in Poland from international developer and asset manager Trei Real Estate. The transaction is valued at more than €300 million, approximately US$349.2 million.
The portfolio comprises 36 recently developed, fully occupied, convenience-focused retail parks located in major Polish metropolitan areas. These properties are strategically positioned near densely populated catchment zones. The majority of rental income comes from large regional retailers and essential goods providers, including grocery stores and pharmacies.
“This transaction underlines our conviction in Polish real estate and the broader European retail sector, both of which are areas in which Ares has been investing for over two decades,” said Kevin Cahill, partner and head of European diversified investments with the Ares Real Estate Group. “We believe the portfolio presents significant opportunities for additional value creation and we look forward to working closely with Slate to unlock its full potential.”
This acquisition marks Slate Asset Management’s first investment in Poland and aligns with its strategy to increase exposure to essential real estate assets across Europe. Earlier this month, the Toronto-based firm announced the acquisition of a German portfolio of essential retail properties valued at over €100 million (US$116.4 million).
The transaction is expected to close by December 31. Ares and Slate were advised by Rymarz Zdort Maruta, CBRE, PwC, and Gleeds.
