Munich/London/Milan, 7 May 2026 – pbb Deutsche Pfandbriefbank acted as the arranger and sole lender of a debt package totalling €86 million in respect of a logistics portfolio purchased by Kryalos SGR on behalf of Fondo Canova, entirely owned by a fund co-managed by Ares Management Corporation and Ares Commercial Real Estate. The financing is granted for the purchase of the portfolio as well as planned capex. 

The portfolio consists of eight assets along key logistics destinations in Italy with the majority in Northern Italy. All properties are very good quality warehouses in established industrial locations with direct access to expressways and motorways. The portfolio comprises a total gross lettable area of over 150,000 m² and has a well-diversified tenant mix and will be managed by Kryalos together with the Marq Logistics team.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation’s global platform had over $525 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. As of March 1st, 2025, Ares bought GLP Capital Partners Limited and certain of its affiliates. For more information, please visit www.aresmgmt.com. 

About Marq Logistics

Marq Logistics is Ares Management Corporation’s vertically integreated glocal logistics real estate platform for the development and operation of modern logistics facilities. The platforn combines global scale with deeply local teams operating in the world’s most liquid logistics markets across the Americas, Europe and Asia. Marq Logistics manages facilities that total over 60 million square meters across 2,000+ properties globally.