CTP to Buy Properties in Vietnam for $500 Million from Ares Management

01:25 AM EST, 11/09/2026 (MT Newswires) -- CTP (CTPNV.AS) agreed to buy a property portfolio in Vietnam from alternative investment manager Ares Management Corp. for $500 million, according to a Monday release. The South-East Asia Logistics Partners portfolio comprises seven completed assets with a combined net lettable area of 504,000 square meters and six for-development sites with a combined planned net lettable area of 585,000 square meters. Completion of the sale is expected in the coming months, subject to regulatory approvals, among other closing conditions. Properties in the portfolio are leased to tenants including J&T Express, Shopee Express and Nippon Express, the European industrial and logistics property developer noted.