In today’s roundup of regional news headlines, Chinese developer Gemdale’s US division secures a construction loan for a Seattle high-rise, Singapore’s CapitaLand spots opportunity as China tightens credit standards, and returning mainland students give a boost to Hong Kong’s mass-housing… Read More>>
Hong Kong-listed ESR is about to become the largest real estate fund manager in Asia Pacific as the industrial real estate specialist today announced an agreement to acquire ARA Asset Management for $5.2 billion.
ESR together with ARA announced the… Read More>>
A REIT management deal gone bust leads today’s roundup of regional news headlines, as Singapore-listed Dasin Retail Trust scraps a prospective sale with ARA Asset Management for control of the trust’s manager and 5 percent of the REIT’s equity in… Read More>>
After a pair of Singapore office sales, SGX-listed Suntec REIT has agreed to acquire a London office building for £353 million ($489.4 million), according to an announcement to the Singapore stock exchange.
The ARA Asset Management-controlled vehicle is purchasing The… Read More>>
Suntec REIT has sold its 30 percent stake in Swiss bank UBS’s Singapore headquarters for S$295.5 million ($220.2 million), in a transaction that puts the owners of SingHaiyi Group in full control of the recently renovated asset.
“The divestment of… Read More>>
Lazada, the Southeast Asia online marketplace owned by Chinese e-commerce giant Alibaba, has slapped its name on its new Singapore home as it prepares to move into the building owned by ARA Asset Management and UK-based Chelsfield.
Earlier this year,… Read More>>
As it lays the groundwork for a public listing, Singapore’s ARA Asset Management can chalk up another milestone: overtaking CapitaLand to become the biggest fund manager in Asia Pacific real estate by assets under management, according to data compiled by… Read More>>
This week’s collection of personnel moves around Asia’s real estate world includes a new CEO for the only listed trust of mainland outlet malls, a new global real estate investment boss at one of Canada’s largest insurers and veteran broker… Read More>>
ARA Asset Management has moved a step closer to a public listing, with the Singapore-based real estate fund manager announcing today that it is raising $500 million in a financing round led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) which… Read More>>
Singapore-based ARA Asset Management announced Friday that it had increased its equity stake in Japanese fund manager Kenedix to 30 percent, up from 20.27 percent previously.
ARA had earlier supported the privatisation and buyout of Kenedix by Sumitomo Mitsui Finance… Read More>>