TA Europe advises Ares on €300 million logistics portfolio acquisition from Blackstone

TA Europe advised Ares Management Corporation and GLP Capital Partners on the acquisition of a logistics portfolio from funds managed by Blackstone, with a total transaction volume exceeding €300 million. The transaction, known as Project Aqua, comprised four logistics assets with a combined rental area of approximately 200,000 sqm, located across Bavaria, Baden-Württemberg and North Rhine-Westphalia.

Despite a challenging market environment, the transaction was successfully completed within an accelerated timeframe, underlining the continued strength and resilience of the logistics sector in 2025. Leveraging its cross-disciplinary expertise, TA Europe supported the client with a fully integrated advisory approach tailored to the specific requirements of the transaction.
TA Europe delivered portfolio-level Technical Due Diligence and provided support during purchase agreement negotiations and price evaluation. In addition, the scope included value-add and photovoltaic feasibility analyses, detailed roof condition assessments carried out by publicly appointed and sworn experts, as well as ESG advisory services, including a CRREM analysis. Notably, this marked the first ESG mandate delivered by TA Europe for Ares Management.

Following Ares Management’s acquisition of GLP Capital Partners earlier this year, Project Aqua represents the first joint collaboration with Ares, building on TA Europe’s long-standing relationship with GLP Capital Partners. The project highlights TA Europe’s ability to deliver integrated, high-value advisory services for complex logistics transactions across Europe.