CTP to acquire SLP's Vietnam logistics portfolio from Ares for $500 million

CTP N.V. has agreed to acquire 100% of Ares Management-owned South-East Asia Logistics Partners' (SLP) portfolio and operating platform in Vietnam for approximately $500 million (€447 million). The deal includes seven standing assets totaling 504,000 square meters of net leasable area and six development sites with potential for an additional 585,000 square meters, and is intended to accelerate CTP's expansion into Asia.

Detected & updated continuously · Source: Nebula