A senior change at a Hong Kong-listed developer leads this week’s review of personnel moves from around Asia Pacific, with major updates from Standard Chartered and JP Morgan Asset Management also making the list.
CSI Properties Ltd… Read More>>
ARA Veteran Moses Song Aims for More Value-Add Deals in JV with Japan’s Kenedix, SMFL
With ARA Asset Management’s private funds division soon to be carved out from ESR into an independent company, the head of the new venture aims to pursue a familiar playbook focused on value-add opportunities in office, retail and hospitality in… Read More>>
Asia Real Estate People in the News 2024-02-12
In this lunar new year edition of People in the News, Mingtiandi brings you a roundup of all the top executives getting a their red packets this holiday season, including industrial veteran Tom Woolhouse, who is taking on a new… Read More>>
ARA Sells Half Stake in Singapore’s Lazada One to Sumitomo Mitsui-Backed Fund for $269M
ESR’s ARA Asset Management has divested its half stake in a Singapore office project to a fund backed by Japanese giant Sumitomo Mitsui Finance and Leasing Company (SMFL) for S$362.4 million ($269.3 million), Mingtiandi has learned.
A fund managed by… Read More>>
Japanese Megabank Sumitomo Mitsui Leads ARA’s $500M Pre-IPO Financing
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>>
ARA Ups Stake in Japan’s Kenedix to 30% After $1.3B Buyout
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>>
Sumitomo Mitsui Teams with ARA in $1.3B Buyout of Japan’s Kenedix
A unit of Japan’s Sumitomo Mitsui has launched a JPY 132 billion ($1.3 billion) takeover of one of the country’s most prominent real estate fund managers, and is teaming up with Singapore’s ARA Asset Management to get the buyout completed.