What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
The local market must move towards consolidation and aggressive global expansion, says the industry veteran
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[SINGAPORE] The Singapore-listed real estate investment trust (S-Reit) sector does not need more Reits; it needs bigger ones.
That is the candid assessment of industry veteran John Lim, who believes the local market’s growth strategy requires a fundamental shift towards consolidation and aggressive global expansion.
Lim’s perspective carries the weight of history. Having spent over two decades building ARA Asset Management into a US$100 billion behemoth, he was instrumental in listing pioneering vehicles such as Suntec Reit and Fortune Reit at a time when the market was highly suspicious of the asset class.
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