Standard Chartered Supports Ares and Northwood Investors in the Financing of The Shops at Park Lane

About this update from Standard Chartered Plc

NEW YORK, June 29, 2026--(BUSINESS WIRE)--Standard Chartered today announced the closing of a US$129.8 million five-year term loan provided to an Ares Real Estate fund (Ares) and funds managed by Northwood Investors for the financing of The Shops at Park Lane, a premier mixed-use retail and office destination in Dallas, Texas. Standard Chartered acted as Lead Arranger and Administrative Agent on the transaction. The financing supports Ares' acquisition of a majority stake in The Shops at Park Lane, a 667,311-square-foot mixed-use property comprising 566,866 square feet of retail space anchored by Whole Foods Market and IKEA, together with 100,445 square feet of Class A office space. Situated at the intersection of Park Lane and North Central Expressway (U.S. Highway 75), the property occupies one of Dallas' most prominent retail corners. The transaction establishes a new joint venture that combines Ares' investment capabilities with Northwood's retail operating platform, Northwood Retail, and builds on Northwood's more than 15 years of ownership experience at the asset. "We are pleased to support Ares and Northwood on the financing of The Shops at Park Lane. This transaction demonstrates our ability to deliver tailored capital solutions for leading real estate investors and reflects our strategic focus on financing high-quality commercial real estate assets," said Allisson van Dijkum, Head of Commercial Real Estate for the Americas at Standard Chartered. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management Corporation's global platform had over $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com. About Northwood Investors LLC Northwood Investors LLC ("Northwood"...

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