03 Nov 2025

"Ares Management and Slate Asset Management Acquire €300M Retail Park Portfolio in Poland"

"Rymarz Zdort Maruta advised Ares Real Estate and Slate Asset Management on acquiring a 36-asset retail park portfolio in Poland from Trei Real Estate for over EUR 300 million. The portfolio consists of fully occupied, convenience-led retail parks in major Polish cities, offering stable income through CPI-linked leases. The acquisition enhances Ares's and Slate's presence in necessity-based retail in Central and Eastern Europe. Trei Real Estate is part of Germany's Tengelmann Group."

Rymarz Zdort Maruta advised Ares Management Corporation affiliate Ares Real Estate's funds and Slate Asset Management, while JDP advised Trei Real Estate in a significant transaction involving the acquisition of a retail park portfolio in Poland. The transaction, valued at over EUR 300 million, involved the purchase of a 36-asset convenience-led retail park portfolio from Trei Real Estate. The portfolio consists of recently developed, fully occupied retail parks located in major Polish metropolitan areas, offering access to large catchment populations. The income generated is primarily derived from essential-goods and regional retail anchors under CPI-linked leases, providing inflation protection and stable cash flows. This acquisition enhances Ares’s and Slate’s exposure to necessity-based retail in Central and Eastern Europe and represents a major trade in Poland’s retail parks segment. Trei Real Estate is part of Germany’s Tengelmann Group. The Rymarz Zdort Maruta team included Partners Piotr Fedorowicz and Iwona Her, Counsel Tomasz Kordala, Senior Associates Tomasz Bakowski and Tomasz Karkowski, and Associates Rafal Cwiklinski, Agnieszka Jablonska-Zachwieja, Alicja Szymanska, Karol Wojtkowski, and Justyna Niezgoda. The JDP team included Partner Maciej Chrzan, Of Counsel Boguslaw Lackoronski, Counsel Michal Urbanski, Senior Associate Krzysztof Brant, Associates Daria Gromotka, Dominik Grzegorzewski, and Zofia Koziol, and Paralegal Katarzyna Kowalska.
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