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Straits Trading aims to set up Blackstone-style property funds

Asia's ageing population seen giving a boost to Reits, which offer a steady form of income

Published Fri, Nov 22, 2013 · 10:00 PM

Singapore

STRAITS Trading Co, an investor in Singapore's biggest publicly traded property trust manager, is planning "Blackstone-like" funds as Asia's appetite for real estate investments increases.

Straits Trading last month invested in ARA Asset Management Ltd, the property trust manager partly owned by billionaire Li Ka-shing, and set up a joint venture with ARA's chief executive officer John Lim to invest in property funds.

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Straits Trading aims to set up Blackstone-style property funds

Companies & Markets

TikTok tells advertisers: ‘We are not backing down’

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