The deal represents the first official partnership between alternative investment manager Ares and Norges Bank Investment Management (NBIM).

Under the agreement, Ares will target modern European logistics assets designed to meet expanding distribution, supply chain and e-commerce requirements.

The strategy will be supported by Marq Logistics, the dedicated logistics operating unit of Ares. Marq Logistics currently oversees a global portfolio exceeding 2,250 assets and 655 million square feet. Ares aims to combine its scale and real estate expertise through the platform to provide property solutions to tenants worldwide.

Julie Solomon, Partner and Head of Ares Real Estate, said: “We are proud to establish this partnership with NBIM, one of the world’s leading institutional investors. Their commitment reflects our shared conviction in the scale of the European logistics market opportunity and the strength of our platform. We value the trust they have placed in Ares and look forward to building a strong and enduring relationship together.”

Daan van den Hoven, Partner and Head of European Logistics at Ares, said: “This milestone is a testament to the strength of our leading real estate platform as well as the capabilities of Marq Logistics, which will enhance our ability to deliver a quality portfolio. Demand for modern, well-located logistics facilities continues to be supported by powerful structural trends, and we believe we can capitalize on compelling opportunities through thoughtful asset selection and management.”

Alex Knapp, Global Head of Real Estate at Norges Bank Investment Management, said: “Ares is an experienced investor and developer with a strong presence in Europe’s major logistics markets, and has a good track record of creating value for its investment partners. This partnership gives us access to both standing assets and development opportunities, and we look forward to building a long-lasting partnership.”

As of 30 June 2026, Ares Real Estate managed approximately $121 billion in assets. The firm operates across the Americas, Europe and the Asia-Pacific region with more than 720 real estate professionals executing equity and debt strategies across multiple asset classes.