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Stock Market & Financial Investment News

News Breaks
July 7, 2014
05:08 EDTARESAres Management to acquire Pegasus Business Park for EUR 83.4M
Ares Management announced that real estate funds it manages have signed a definitive agreement to acquire Pegasus Business Park from SEGRO PLC, a large, listed UK REIT, for EUR 83.4M. Located near the Brussels International Airport and eight kilometres from the city centre, Pegasus Business Park was initially developed by SEGRO between 1999 and 2003 and today consists of nine office buildings and an underground car park extending over 83,384 square meters. The transaction also includes 11 plots of undeveloped land adjacent to existing buildings and encompassing more than 65,000 square meters. With an average occupancy rate of approximately 80%, Pegasus Business Park currently has 27 tenants.
News For ARES From The Last 14 Days
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July 24, 2015
08:51 EDTARESAres Management to host conference call
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July 23, 2015
18:48 EDTARESKayne Anderson CEO to chair Energy Group of merger with Ares Management
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18:45 EDTARESAres Management and Kayne Anderson to merge into Ares Kayne Management
Ares Management (ARES) and Kayne Anderson (KYN) have entered into a definitive merger agreement to create Ares Kayne Management, L.P., with a combined $113B of AUM as of March 31. Under the terms of the agreement, Ares will provide $2.55B in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016. Ares Kayne combines Ares Management, a leading global alternative asset manager with $87B in AUM with Kayne Anderson, an investor with $26B in AUM to form a global asset manager that will invest across five complementary, market leading investment groups: Tradable Credit, Direct Lending, Energy, Private Equity and Real Estate. The combined firm will have approximately 450 investment professionals. Upon closing, the merger is expected to be accretive to Aresí economic net income, distributable earnings and fee-related earnings per unit.

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