Ares Management Real Estate Fund Acquires Pan-European Office Portfolio from IVG Institutional Funds

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LOS ANGELES & LONDON--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a real estate fund it manages has signed a definitive agreement to acquire a 240,000-square-meter office portfolio consisting of 30 properties located across six European countries, including the U.K., France, the Netherlands, Belgium, Finland and Spain, from IVG Institutional Funds. The portfolio was valued at more than €400 million, and this transaction is the second pan-European portfolio acquired f

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