Ares Management Corporation to Acquire Walton Street Capital to Boost Growth in Mexico’s Industrial Market

Through one of its subsidiaries, Ares Management Corporation has agreed to fully acquire real estate asset manager Walton Street Capital. The transaction, expected to close in the fourth quarter of 2024, will allow Ares to leverage Walton Street's expertise and networks in Mexico to further invest in the country's industrial sector. Recently, Ares emphasized Mexico's strategic importance due to its increasing role in global supply chains.

This acquisition will strengthen Ares' global presence in industrial real estate, expanding its portfolio, which already exceeds 21 million square meters across the U.S. and Europe. Walton Street, led by CEO Federico Martin del Campo, has managed 4.7 million square meters of industrial properties in Mexico for over 20 years.

It's worth noting that Walton Street has been involved in some of Mexico's most significant industrial real estate transactions in recent years.

Last year, Walton Street Capital completed one of the most significant deals in Mexico by acquiring 61 properties from Advance Real Estate in a transaction valued at over $509 million. This portfolio included nearly 966,000 square meters of class A industrial facilities and 1.3 million square meters of land, with the capacity to develop an additional 600,000 square meters.

In 2019, Walton Street Capital and FINSA sold the Titan Portfolio to FIBRA Uno (FUNO) for $841 million, a transaction involving 74 industrial properties with nearly 1.3 million square meters of space. More recently, in 2023, Walton and FINSA sold the Zeus Portfolio to FIBRA Monterrey for $662 million, transferring over 800,000 square meters of built industrial space and nearly 900,000 square meters of land.

According to SiiLA, Walton Street Capital's industrial portfolio in Mexico now exceeds two million square meters, spread across 133 buildings and land with the potential for an additional 840,000 square meters of development.

Given Walton Street's strategic value and extensive experience in Mexico's industrial sector, this acquisition positions Ares to capitalize on the country's growing opportunities. With a portfolio of this scale, Ares is set to consolidate its global leadership while expanding in Mexico, a key destination for logistics and industrial investment in Latin America.

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