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res Management and Slate Asset Management have agreed that their joint venture will purchase 36 convenience‑focused retail sites in Poland from Trei Real Estate for more than €300 million. The portfolio, called Vendo Parks, consists of contemporary, fully leased retail parks situated near Poland’s major cities. Leases are CPI‑linked, protecting tenants and investors from inflation, and the sites are anchored by key grocery and pharmacy tenants.
The deal broadens Ares and Slate’s footprint across Europe and signals confidence in the country’s retail sector and the wider essential‑real estate market. Investors expect the Vendo Parks to deliver steady, inflation‑hedged cash flows and long‑term value creation. The transaction is expected to close by 31 December 2025, subject to standard regulatory approvals.
Ares Real Estate, a globally diversified, vertically integrated manager, oversees more than 720 million square feet and $108.7 billion in assets as of 30 June 2025. Slate, active in Europe since 2016, has managed over 1,000 properties in nine countries, focusing on essential real estate that supports everyday life and logistics.
**Key statements**
Kevin Cahill, Partner and Head of European Diversified Investments, Ares Real Estate Group:
“This transaction reinforces our belief in Polish real estate and the broader European retail market, areas where Ares has invested for more than twenty years. The portfolio offers significant value‑creation potential, and we look forward to partnering with Slate to unlock it.”
Sven Vollenbruch, Managing Director, Slate Asset Management:
“The modern, high‑quality sites fit perfectly with our income‑focused essential‑real estate strategy, targeting convenience and necessity retail across Europe. After extensive analysis of the Polish market, this acquisition presents the ideal entry point and adds a valuable new hub to our pan‑European platform.”
Pepijn Morshuis, CEO, Trei Real Estate:
“We strongly believe in the continued growth of retail parks and convenience retail in Poland. With Trei’s increasing focus on the U.S., Ares and Slate provide trusted new owners for our Vendo Parks, allowing us to pursue other opportunities in the far west.”
