Simmons & Simmons and Rymarz Zdort Maruta (RZM) advised on Slate Asset Management and Ares Real Estate’s EUR 300 million Polish real estate joint venture and acquisition.

Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes.

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets.

Trei Real Estate is a company from the German Tengelmann Group that focuses on real estate development and investments in Germany, Poland and the United States.

The joint venture will acquire a portfolio of Polish retail parks valued at over €300 million from Trei Real Estate, marking the largest retail park transaction in Poland to date and a significant milestone for both Slate and Ares in the Central European real estate market.

The joint venture between Slate Asset Management and Ares will acquire a portfolio of 36 recently developed and fully occupied convenience-led retail parks across major Polish metropolitan areas. The assets are anchored by leading regional retailers and essential goods providers, including grocers and pharmacies, and are leased under CPI-linked agreements. This transaction marks Slate’s first investment in Poland and further strengthens Ares’ established presence in the region. The deal is expected to close by 31 December 2025, subject to customary and regulatory approvals.

Simmons & Simmons has advised Slate Asset Management on the formation of a strategic joint venture with Ares Real Estate funds (“Ares”), affiliates of Ares Management Corporation. The Simmons team was led by Oliver s’Jacob, supported by Tom Hutchinson and Jenny Diakabana in London and Thibaud Herberigs, Thierry Somma and Raphael Bonhomme in Luxembourg.

Rymarz Zdort Maruta advised Ares Real Estate funds (“Ares”) – affiliates of Ares Management Corporation – and Slate Asset Management on their acquisition of a Polish real estate portfolio worth more than EUR 300 million from Trei Real Estate, an international asset management developer. The work of the transaction team was led by Piotr Fedorowicz, a partner and the head of the Real Estate practice, and included Tomasz Bąkowski (senior associate), Tomasz Karkowski (senior associate), Rafal Ćwikliński (associate), Agnieszka Jabłońska-Zachwieja (associate), Alicja Szymańska (associate) and Karol Wojtkowski (associate). Iwona Her (partner), Tomasz Kordala (counsel) and Justyna Niezgoda (associate) provided support on antitrust aspects.