Freshfields Bruckhaus Deringer has advised Ares Management Real Estate on its definitive agreement to acquire a 240,000 square-meter office portfolio from IVG Institutional Funds.

The portfolio consists of 30 properties located across six European countries, including the UK, France, the Netherlands, Belgium, Finland and Spain. The portfolio was valued at more than €400m.

Ares Management is a global alternative asset manager with approximately $88bn of assets under management, with more than 15 offices in the United States, Europe and Asia.

The Freshfields team was led by Alex Watt and Roger Schofield in London. They were assisted by Johannes Conradi in Hamburg, Thijs Flokstra in Amsterdam, Erwan le Douce-Bercot in Paris, Fernando Soto in Madrid and Simon Ceulemans in Brussels.