ARA Asset Management

Saw this announcement released yesterday, Franklin Templeton acquired 3,661,100 shares at the average price of $1.20.

"Acquisition of shares by funds and managed accounts that are managed by investment advisers directly or
indirectly owned by Franklin Resources, Inc."

Singapore‘s ARA Group eyes $85m CBD office tower in Perth

• THE AUSTRALIAN
  
  
• DECEMBER 10, 2015 12:00AM
  
• Ben Wilmot
  [Image: ben_wilmot.png]
  Commercial property reporter
  Sydney
  
  

[*]

The Perth office market is showing signs of life with Singapore-listed ARA Group looking to buy a major tower in the Perth CBD for almost $85 million.

The group, which also controls Suntec REIT, is eyeing the purchase of 81 St Georges Terrace from interests associated with businessman Nick Tana.
A deal struck at this level would show a yield of about 7.25 per cent and continue the run of transactions in Perth, despite short-term concerns about leasing.
Elsewhere in Perth, West Australian-based syndicator Primewest is in due diligence to buy a half stake in the Exchange Plaza office tower for about $113.5m.
The latest deal would lift ARA to nearly $800m of Australian property investments but local managing director David Blight declined to comment yesterday.
The St Georges Terrace tower was well-sought due to its long- term government lease and proximity to the WA government’s $2 billion Elizabeth Quay project.
The 14-level building has a net lettable area of 12,226 sqm and was offered with a new 10 year lease to the WA government, which occupies the 11 upper office levels.
JLL managing director John Williams and national director capital markets Nigel Freshwater are handling the sale but declined to comment.

http://money.163.com/15/1209/20/BADVTLII002534NU.html

From Chinese news: On 9 Dec, ARA bought the BEA Financial Tower in Shanghai for 2.7 billion RMB.

Looks like they're on a buying spree?

(11-12-2015, 09:18 PM)owq Wrote: http://money.163.com/15/1209/20/BADVTLII002534NU.html

From Chinese news: On 9 Dec, ARA bought the BEA Financial Tower in Shanghai for 2.7 billion RMB.

Looks like they're on a buying spree?

It could well be an acquisition by one of the three private funds with mandate to invest in China - namely ADF II, CIP and PIP – all of which are in active investment/acquisition mode. 
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CIP bought the Platinum Tower in Shanghai not too long ago..................
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Bargain hunters looking at Chinese real estate – Asia Timeseal Estate
Oct 28, 2015

The decline in the Chinese real estate market is such that people are finding bargains in Shanghai, the country’s financial capital.

Last month, a private fund run by Singapore-listed ARA Asset Management purchased a 20-story office tower in Shanghai for 2.85 billion yuan, ($448 million), according to property consulting firm Savills , reported the Wall Street Journal.

ARA China Investment Partners, whose main investor is US pension fund California Public Employees’ Retirement System, purchased Platinum Building near Xintiandi, a popular entertainment and shopping area. Its tenants include McKinsey & Co. and Standard Chartered Bank, according to the WSJ.

“The softer market sentiments in China now are throwing up interesting investment opportunities, which would otherwise not be in the market or demand high asking prices,” Ng Beng Tiong, assistant group chief executive officer at ARA Asset Management told WSJ but he declined to comment on specifics of the deal, citing confidentiality obligations.

“China’s long-term economic and real estate fundamentals remain attractive for smart, long monies,” said Mr. Ng in an emailed statement.

In the third quarter, real estate investment deals in Shanghai between institutional investors jumped 59% from the previous quarter and from the same period a year earlier to 16 billion yuan, according to data from Savills. More than half of that came from Hong Kong-listed Link REIT’s $1.07 billion purchase of two premium office towers from Shanghai-based develope Shui  On Land in July.

Beijing, Shanghai, Shenzhen and Guangzhou, first-tier cities which have stronger local economies and more-resilient housing markets continue to attract investors.

China attracted $4 billion of foreign capital for commercial real estate in the first half of 2015, ranking it number 13, down from its 10th and 8th position in 2014 and 2013 respectively, according to data from CBRE Research and Real Capital Analytics. During first six months this year, the US, ranked No. 1, attracted $222.4 billion, property consultancy CBRE said in a recent report.

http://www.upstatescnews.com/bargain-hun...-times-75/
http://pdf.savills.asia/asia-pacific-res...ice-en.pdf
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Hi all, I have a newb question. I see that I have the ARA rights, what do I do with them? Are they considered shares?

You have to exercise your rights by subscribing to them. They are considered as rights, not shares.

(15-12-2015, 12:36 AM)kelvesy Wrote: You have to exercise your rights by subscribing to them. They are considered as rights, not shares.

Thanks, how do I do that? Did they send a document? I am overseas right now.

(15-12-2015, 03:08 AM)crosscalibre Wrote:

(15-12-2015, 12:36 AM)kelvesy Wrote: You have to exercise your rights by subscribing to them. They are considered as rights, not shares.

Thanks, how do I do that? Did they send a document? I am overseas right now.

Based on the OIS, the final date to accept and pay for the rights shares was 8 Dec 2015. The rights issue has already been completed and the results released in the announcement below.

http://infopub.sgx.com/FileOpen/ARA%20-%...eID=379094 [OIS]

http://infopub.sgx.com/FileOpen/ARA%20As...eID=381963 [Results of Rights Issue]

(Not Vested)

(15-12-2015, 03:33 AM)Nick Wrote:

(15-12-2015, 03:08 AM)crosscalibre Wrote:

(15-12-2015, 12:36 AM)kelvesy Wrote: You have to exercise your rights by subscribing to them. They are considered as rights, not shares.

Thanks, how do I do that? Did they send a document? I am overseas right now.

Based on the OIS, the final date to accept and pay for the rights shares was 8 Dec 2015. The rights issue has already been completed and the results released in the announcement below.

http://infopub.sgx.com/FileOpen/ARA%20-%...eID=379094 [OIS]

http://infopub.sgx.com/FileOpen/ARA%20As...eID=381963 [Results of Rights Issue]

(Not Vested)

I afraid crosscalibre has waived a costly renounce-able right.

(not vested)