Market Overview

Ares Management Real Estate Fund Acquires Kustermann Park Office Complex in Munich; Terms Not Disclosed


Ares Management, L.P. (NYSE: ARES) announced today that real estate funds
it manages has signed a definitive agreement to acquire the Kustermann
Park office complex in Munich, Germany. The complex, consisting of two
adjacent multi-tenanted office buildings totaling more than 74,000
square meters, is located in Munich's South East office submarket and
close to Munich's third largest railway station.

Ares has been active in both commercial and residential real estate in
Germany for 17 years. Earlier this year, it acquired a portfolio of two
office buildings in Berlin and Hamburg as well as an add-on residential
portfolio bringing the total number of residential units it owns to more
than 2,000 across Germany.

See full press release

Posted-In: News Management Press Releases


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