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JLL completes on the sale of a pan-European office portfolio

​​EMEA, 13 February, 2015 – JLL (NYSE: JLL) has advised IVG Institutional Funds on the sale of a diversified portfolio from two separate funds to a fund in the Real Estate Group of Ares Management, L.P. (NYSE: ARES). The 53,000 square metre portfolio consists of eight properties located in five countries, including the UK, Germany, Sweden, Poland and The Netherlands. The deal, valued at over €100 million, is one of the first pan-European office portfolios to be sold in the region since the financial crisis.

Peter Hensby, Regional Director, JLL EMEA Capital Markets said: “The sale of IVG Institutional Funds’ portfolio was a highly complex transaction that required the expertise and coordination of JLL teams across Europe in order to bring it to fruition. We are experiencing continued strong demand from investors seeking real estate portfolios that span multiple geographies in Europe as such assets benefit from a well-diversified income and reduced collective economic risk. We expect to see further examples in 2015 as the market continues to strengthen.”

Martin Tartsch at IVG Institutional Funds said: “The sale of this portfolio of assets has enabled us to further optimize our European portfolio by using current market effects for our investors. We are closely monitoring the market chances for portfolio transactions and will use suitable opportunities in the interest of our investors in future.”

Wilson Lamont at Ares Management added: “We were attracted by the quality and value of the office properties within this portfolio, and we were pleased to have been able to complete this complex transaction across several key European markets, where we continue to see significant opportunity in the value-add real estate asset class.”

Notes to editors:

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316.0 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Russia and CIS JLL has offices in Moscow, St. Petersburg and Kiev. JLL, Russia & CIS was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012 , 2013 and 2014 at the Commercial Real Estate Awards, Moscow; Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg and The Best Real Estate Consultancy in Ukraine at the Ukrainian Property Awards in 2013.

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About IVG Institutional Funds GmbH

IVG Institutional Funds GmbH is a leading provider and manager of structured real estate products for institutional investors with assets under management of around EUR 10.5 billion. As an integrated investment platform with a network of branches spanning Europe and many years of expertise, the company offers its investors all services for the structuring and management of real estate investment products. IVG Institutional Funds essentially focuses on commercial properties in the office, retail and logistics sector in Europe. Visit:

About Ares

Ares is a leading global alternative asset manager with approximately $84 billion of assets under management and more than 15 offices in the United States, Europe and Asia as of September 30, 2014, pro forma for the previously announced acquisition of Energy Investors Funds.  Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its four distinct but complementary investment groups in Tradable Credit, Direct Lending, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. Visit: