Eight IVG properties taken over by Ares

Chmielna 25 in Warsaw - one of offices owned by IVG
Chmielna 25 in Warsaw - one of offices owned by IVG
Ares Management Real Estate investment fund purchased 45 000 sq. m of office areas from IVG which include eight properties located in five European countries, including Poland.

The purchased offices are located in Great Britain, Germany, Sweden, Poland and Holland, and its value was estimated on over 100 million euro. The concluded transaction is one of the first of many portfolio sales jurisdictions from the moment of the financial crisis from before six years. We are glad that we managed to finish the process of taking over a portfolio of such high quality assets rented by various companies – comments Wilson Lamont, Partner in Ares Management Real Estate Group.

 

Ares Management Real Estate was founded in 1997. At present, the fund manages assets with the total value of ca. 84 million dollars.  

 

IVG has been functioning in Poland since 2006 as a department of IVG Immobilien AG, an European real estate company which manages assets with the value of 18 billion euro. IVG Group includes IVG Institutional Funds GmbH which manages the portfolio of property funds for institutional investors with the value of ca. 11 billion euro. IVG made a dozen or so purchase and sales transactions of real estates with the total value of over 1,5 billion zlotys. Moreover, IVG Poland is also an actively office and commercial Asset Manager with a developer experience, the example of which may be i.a. Horizon Plaza office in Warsaw Mokotów.


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