Ares Management’s Real Estate Group and EDF Invest Acquire IKB Office Building in Düsseldorf, Germany

Published: 15/03/2019
Ares Management’s Real Estate Group and EDF Invest Acquire IKB Office Building in Düsseldorf, Germany
Source: WWW.BUSINESSWIRE.COM

LOS ANGELES & LONDON & PARIS--(BUSINESS WIRE)--A joint venture between real estate funds managed by Ares Management Corporation (NYSE: ARES) and EDF Invest announced today the acquisition of the IKB office building in Düsseldorf, Germany from IKB Deutsche Industriebank. The transaction closed on February 28, 2019. Built in 1997, the property comprises approximately 58,500 square meters of

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