Ares Management Corporation and Slate Asset Management have entered into an agreement to acquire a portfolio of 36 convenience‑led retail parks in Poland from Trei Real Estate. The joint‑venture transaction is valued at more than €300 million and will add a fully occupied, CPI‑linked lease portfolio to Ares’ European real‑assets platform.
The 36 properties are located across major Polish metropolitan areas and are leased to a mix of essential retailers, including grocers and pharmacies. All leases are inflation‑protected through CPI‑linked agreements, providing a stable income stream that aligns with Ares’ focus on essential real‑estate assets that deliver predictable cash flows.
The deal is expected to close by December 31 2025, subject to customary and regulatory approvals. It marks Slate Asset Management’s first investment in Poland and is part of its broader strategy to acquire income‑focused, mission‑critical retail assets across Europe.
Advisors to the transaction include Rymarz Zdort Maruta, CBRE, PwC, and Gleeds for Ares and Slate, while Trei Real Estate is selling the portfolio to concentrate on its U.S. operations. The portfolio, often referred to as Trei’s “Vendo Parks,” represents a significant addition to Ares’ presence in Central Europe.
Ares’ European real‑estate team, led by Kevin Cahill, highlighted the company’s long‑standing conviction in Polish real estate and the broader European retail sector. As of June 30 2025, Ares Real Estate managed $108.7 billion of assets, while Ares Management Corporation’s global platform had over $572 billion in assets under management.
The transaction underscores the resilience of the Polish retail market amid broader economic uncertainty, reinforcing Ares’ and Slate’s strategy to capture value in essential real‑estate assets.
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