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ARA buys Robinson Centre via private real estate fund

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"We are ready to execute our asset enhancement plans to rebrand, reposition and revitalise the property." - David Kim, acting CEO of ARA Private Funds.

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Robinson Centre has a net lettable area of about 132,300 sq ft, and sits on a site with about 76 years left on its leasehold tenure. The purchase price was not disclosed.

Singapore

ARA Asset Management has purchased Robinson Centre for an undisclosed sum via one of its private real estate funds, the real estate asset manager revealed in a press release on Monday.

The Business Times had reported on Dec 3 that ARA was a potential buyer for the 20-...