Ares Management Corporation has completed its acquisition of GCP International, expanding its global real assets platform to over $115 billion in assets under management. The acquisition enhances Ares’ presence in key markets, including Japan, Brazil, Vietnam, Europe, and the U.S., and strengthens its capabilities in logistics, digital infrastructure, and self-storage.

With this addition, Ares has become a top three global owner and operator of logistics assets, managing over 570 million square feet worldwide. It also expands its digital infrastructure business, which includes large-scale hyperscale projects with over 1GW of IT capacity. The deal positions Ares as a leader in new economy sectors, driven by demand for technology, supply chain shifts, and demographic trends.

Ming Mei, CEO of GLP and GCP’s remaining business, will join Ares as a senior advisor, while Michael Steele, former president of GCP International, has joined as a partner in Ares’ Real Assets Group. The integration of GCP International’s team into Ares Real Estate is expected to accelerate the firm’s global expansion and investment strategy.