Mystery solved: GLP is now Marq and will manage 3.2 million sqm in Brazil and 55 million sqm worldwide

Marq stated that all properties that still carry the GLP name will also undergo an update and will, at some point, adopt the new brand. The company added that this change will be communicated at the appropriate time, ensuring transparency and alignment with its partners. 

The company also emphasized that it will continue executing the plans already in place. Its investment priorities remain guided by two pillars: (1) the selection of strategic locations; and (2) a focus on the growth of e-commerce and retail. 

Ares Management Corporation manages more than US$595 billion in assets, with operations in North America, South America, Europe, Asia-Pacific and the Middle East. The acquisition of GLP took place in October 2024 for US$3.7 billion. The deal did not include GLP’s Chinese operations, which remain locally controlled. 

“Marq represents an exciting new chapter for Ares’ Real Estate business, solidifying our position among the top three global leaders in one of the sectors we believe in most,” says Julie Solomon, Co-Head of Ares Real Estate. 

According to Market Analytics data from SiiLA, across the Class A+, A and B industrial properties it monitors, Marq’s portfolio has an occupancy rate of 89.9%. The largest tenants are consumer goods companies, which account for 63.4% of the occupied area, followed by transportation and logistics firms with 15.5%, and industrial products with 7.9%.