IVG sells real estate

German IVG has signed a deal with Ares Management Real Estate, a private equity fund, to sell real estate worth $400 million, propertynews.pl reported. The portfolio features 30 pieces of office real estate with 240,000 sqm of total space. They are located in the UK, France, the Netherlands, France, Spain and Belgium. The Ares Management's portfolio is valued at $88 billion. IVG has its unit in Poland. Its office in Warsaw has been operating since 2006.