ara asset management

BT Mark to Market: ARA H-Trust, Cromwell E-Reit get new sponsors (Ep 44)

ARA H-Trust and Cromwell E-Reit has new sponsor groups backing them. Senior correspondent Ben Paul explains why, and what it means for minority investors.

Cromwell E-Reit, like ARA H-Trust, owns faraway assets and is laden with debt.
MARK TO MARKET

New sponsors of Ara H-Trust, Cromwell E-Reit unlikely to quickly lift their depressed valuations

Lack of upside for minorities may further erode confidence in the external-manager model, and fuel calls for manager internalisation initiatives

The ARA Private Funds business primarily comprises finite-life funds that own assets in traditional real estate sectors, including office, retail, and hospitality.

ESR Group divests ARA Private Funds business for US$270 million

ESR Group has entered into share purchase agreements to divest its ARA Private Funds (APF) business in Australia, Singapore, South Korea and the United States at an agreed enterprise value of US$270 m...

The 14-storey building, at the corner of Chin Bee Drive and Corporation Road, is about 20 years old.

Iron Mountain sells Jurong West building to ARA-Kenedix VCC for S$47 million

US-based group enters into long leaseback arrangement for warehouse building at 26 Chin Bee Drive

Sumitomo units, ARA jointly invest S$297m in Capital Square office tower

Sumitomo units, ARA jointly invest S$297m in Capital Square office tower

REAL estate and environmental energy company SMFL Mirai Partners, real estate asset manager Kenedix, and ARA Asset Management have entered into a joint venture that will invest S$297 million in Capita...

ALog's manager spells out rationale for revised offer in merger with ESR-Reit

ALog's manager spells out rationale for revised offer in merger with ESR-Reit

THE revised scheme consideration for ESR Reit's offer for ARA Logos Logistics Trust (ALog) was determined by various factors such as the merger's commercial appeal, the quality of ALog's portfolio and...

SDAX Financial raises S$24m in Series B round led by Straits Trading and PSA

SDAX Financial raises S$24m in Series B round led by Straits Trading and PSA

DIGITAL securities exchange SDAX Financial has raised S$24 million in the first close of its ongoing Series B round, led by PSA International and Straits Trading.

ARA Asset Management's Korea unit acquires Marble Arch Place for £280 million

ARA Asset Management's Korea unit acquires Marble Arch Place for £280 million

REAL estate fund manager ARA Asset Management's (ARA) Korea subsidiary has acquired Marble Arch Place - a newly developed mixed-used commercial asset in London - for £280 million (S$509 million).

ARA Asset Management to sell Singapore office building leased by Alibaba: sources

ARA Asset Management to sell Singapore office building leased by Alibaba: sources

[SINGAPORE] Real estate fund manager ARA Asset Management and UK property group Chelsfield are listing their jointly owned Singapore office building for about S$800 million, according to people with k...

ESR Cayman shareholders approve acquisition of ARA Asset Management, paving way for ESR-Reit, ARA Logos merger

ESR Cayman shareholders approve acquisition of ARA Asset Management, paving way for ESR-Reit, ARA Logos merger

SHAREHOLDERS of Hong Kong-listed ESR Cayman have given the nod to its proposed acquisition of ARA Asset Management, a move that will create the largest real asset manager in the Asia-Pacific, Singapor...