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
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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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