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ARA Asset to acquire South Korean real estate company

MREK manages 2 Reits with assets worth 588b won

ARA Asset Management will be acquiring South Korea's real estate company Macquarie Real Estate Korea (MREK) for an undisclosed sum. MREK, based in Seoul, is a manager of two privately held Korean real estate investment trusts (K-Reits) with combined assets worth 588.4 billion won (S$702 million