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ARA unit to acquire 19.5% stake in Aussie real estate firm

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Published Thu, Mar 8, 2018 · 09:50 PM

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    Singapore

    A WHOLLY owned subsidiary of Singapore-based ARA Asset Management will acquire a 19.5 per cent stake in Australian real estate firm Cromwell Property Group for A$405.9 million (S$416.9 million).

    ARA will acquire the stake from South African-based real estate investment trust (Reit) Redefine Properties.

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