The London office of Debevoise & Plimpton LLP has advised Ares Management, L.P. on the $1.3 billion Ares European Real Estate Fund IV, which will target investments in residential, retail, office and industrial real estate located in the leading European markets including the UK, Germany, and France. The fund was significantly oversubscribed, exceeding its initial target of $1 billion.
The Ares Real Estate Group is comprised of funds focused on opportunistic and value-add investing in both the U.S. and Europe and also includes a global debt investing business. The new fund will seek to continue the strong performance of the predecessor funds and apply the longstanding real estate investing expertise of the Ares Real Estate Group.
The Debevoise team advising Ares was led by London based partner Geoffrey Kittredge
and international counsel Sally Gibson
. Other team members included partners Richard Ward
and Matthew D. Saronson
, and associates Alex Howard and Patrick Fasoro
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.