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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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March 23, 2015
06:06 EDTARESAres Management, GE Capital invests in package supporting KKR acquisition
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March 20, 2015
07:00 EDTARESAres Management acquires second German residential property portfolio
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March 18, 2015
08:10 EDTARESAres Management names Michael McFerran as CFO
Ares Management, L.P. (ARES) announced that it has appointed Michael R. McFerran as Executive VP, CFO and Treasurer, effective March 23. McFerran will assume firm-wide CFO and Treasurer responsibilities. McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co. L.P. (KKR) where he served as the CFO of KKRís credit business and was the COO and CFO of KKR Financial Holdings LLC (KFN). Daniel F. Nguyen, Ares Managementís current CFO and Treasurer, will remain with Ares as CFO of the Ares Private Equity and Tradable Credit Groups and will continue his involvement with firm M&A activities. The CFO roles for each of the other two Ares investment groups, Direct Lending and Real Estate, will continue to be filled by Penni Roll and Tae-Sik Yoon, respectively. In addition, Roll will continue as CFO of Ares Capital Corporation (ARCC) and Yoon will continue as CFO of Ares Commercial Real Estate Corporation (ACRE).
07:18 EDTARESWells Fargo to hold a forum
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