Ares Management Real Estate Secondaries funds have bought into a portfolio of 28 industrial and logistics assets in Sweden and Finland managed by Slättö.
Nordic private equity real estate investor Slättö said the Ares funds have agreed to support the recapitalisation of the assets located mainly in the Stockholm and Helsinki metropolitan areas.
Financial details were undisclosed.
Slättö will continue to manage the light industrial and logistics portfolio and execute the business plan, which includes active asset management, completing construction projects and increasing value in cash-flow assets for example through lease re-gears and energy saving measures.
Source: realassets.ipe.com on the 27th of March