ARA Asset Management

[gutman]

As we are still discussing on their STC strategic alliance, and the various acquisitions by Suntec REIT, Fortune REIT and Prosperity REIT, ARA is going into South Korea.

http://infopub.sgx.com/Apps?A=COW_Corpor...reB9az4LIY

The last three months has indeed been very exciting for ARA. AUM 20bil by 2016 seems very much alive.

Should be AUM 40 bil by 2016.

Yes, it all sounds like exciting times ahead.

[orangesundayyy]

As we are still discussing on their STC strategic alliance, and the various acquisitions by Suntec REIT, Fortune REIT and Prosperity REIT, ARA is going into South Korea.

http://infopub.sgx.com/Apps?A=COW_Corpor...reB9az4LIY

The last three months has indeed been very exciting for ARA. AUM 20bil by 2016 seems very much alive.

Should be AUM 40 bil by 2016.

Yes, it all sounds like exciting times ahead.

Oh yes, $40bil. Hahaha.
Merry Christmas everyone!

[Contrarian]

REITs will only take off if cap rate compression takes place. It took off in Australia after a long period of higher interest rates.

I remember John Lim saying he is looking at Europe too. So we could be looking at ARA buying a niche europe team of property fund managers for a reasonable price.

[Nick]

ARA Asset Management is selling the International Financial Centre in Nanjing to SanPower Group, Modern Express reported. The valuation of the building is around RMB3 billion.

http://www.aastocks.com/en/News/HK6/61/NOW.582319.html

(Vested)

[Contrarian]

Wah, bro u are super digger.

4 years building. Means San Power can pay higher than ARA's REITs.

ARA Asset Management is selling the International Financial Centre in Nanjing to SanPower Group, Modern Express reported. The valuation of the building is around RMB3 billion.

http://www.aastocks.com/en/News/HK6/61/NOW.582319.html

(Vested)

[Contrarian]

ARA Asset Management is selling the International Financial Centre in Nanjing to SanPower Group, Modern Express reported. The valuation of the building is around RMB3 billion.

http://www.aastocks.com/en/News/HK6/61/NOW.582319.html

(Vested)

ARA bought Nanjing IFC in 2009 for RMB 1.6 billion

So if they sell it around $3bn it is nearly 100% in 4 years!!!

[Nick]

ARA Asset Management is selling the International Financial Centre in Nanjing to SanPower Group, Modern Express reported. The valuation of the building is around RMB3 billion.

http://www.aastocks.com/en/News/HK6/61/NOW.582319.html

(Vested)

ARA bought Nanjing IFC in 2009 for RMB 1.6 billion

So if they sell it around $3bn it is nearly 100% in 4 years!!!

If you consider the debt leverage used in such deals, the return on equity is probably far more significant. IIRC, Dynasty REIT was supposed to purchase this asset for 2.67 billion so its an even better deal ie no income support.

[Boon]

ARA makes $413m Nanjing exit

Date: 2014-1-2 　
From: ZYRE

Singapore real estate firm ARA Asset Management has completed the sale of one of its large China assets from its $1.13 billion Dragon Fund I (ADF I), its first private real estate fund.

The firm has sold the Nanjing International Finance Center for RMB2.5 billion ($413 million; €300 million).

ARA declined to comment on the details of the sale, but PERE understands the firm sold to a local buyer. Further, when the transaction reaches financial close, it is understood that ADF I will be approximately halfway divested.

ARA originally acquired the 51-story, 1.17 million square foot property in 2009, just after the building was completed, for SGD340 million ($230 million; €172 million). Assuming no leverage, this recent exit would give ARA an approximately 1.8x equity multiple.

Early last year, ARA also divested another of ADF I’s office assets in Dabian to China Investment Partners (CIP), the firm’s separate account with the California Public Employees’ Retirement System (CalPERS). An ARA spokesman said ARA still holds an office asset in Shanghai among other assets.

ARA’s separate accounts business has grown substantially in the past year. CalPERS committed an additional $300 million to the CIP account for investing in China, and an unnamed US state pension, new to ARA, also gave the fund manager $240 million for investing in Singapore and Kuala Lumper.

Despite the capital available to ARA for investing through separate accounts, the spokesman insisted that ARA has no intention of dropping the Dragon Fund franchise. The separate accounts for CalPERS and the other pension fund were formed for core-plus and value-added strategies whereas the Dragon funds are opportunistic in nature.

It is also understood that ARA is in the process of finalizing the launch of the third fund in the Dragon series. The $441 million ADF II is now about 60 percent invested, and the firm expects to start fundraising for ADF III around the end of Q1 or a little later, it is understood.

(Source: PERE, 2014-01-02)

http://www.zyrealestate.com/news/news.as...037&cate=5

(vested)

[Contrarian]

Special dividend very likely... Hope the performance fee hit $60-$80M.

ARA makes $413m Nanjing exit

Date: 2014-1-2 　
From: ZYRE

Singapore real estate firm ARA Asset Management has completed the sale of one of its large China assets from its $1.13 billion Dragon Fund I (ADF I), its first private real estate fund.

The firm has sold the Nanjing International Finance Center for RMB2.5 billion ($413 million; €300 million).

ARA declined to comment on the details of the sale, but PERE understands the firm sold to a local buyer. Further, when the transaction reaches financial close, it is understood that ADF I will be approximately halfway divested.

ARA originally acquired the 51-story, 1.17 million square foot property in 2009, just after the building was completed, for SGD340 million ($230 million; €172 million). Assuming no leverage, this recent exit would give ARA an approximately 1.8x equity multiple.

Early last year, ARA also divested another of ADF I’s office assets in Dabian to China Investment Partners (CIP), the firm’s separate account with the California Public Employees’ Retirement System (CalPERS). An ARA spokesman said ARA still holds an office asset in Shanghai among other assets.

ARA’s separate accounts business has grown substantially in the past year. CalPERS committed an additional $300 million to the CIP account for investing in China, and an unnamed US state pension, new to ARA, also gave the fund manager $240 million for investing in Singapore and Kuala Lumper.

Despite the capital available to ARA for investing through separate accounts, the spokesman insisted that ARA has no intention of dropping the Dragon Fund franchise. The separate accounts for CalPERS and the other pension fund were formed for core-plus and value-added strategies whereas the Dragon funds are opportunistic in nature.

It is also understood that ARA is in the process of finalizing the launch of the third fund in the Dragon series. The $441 million ADF II is now about 60 percent invested, and the firm expects to start fundraising for ADF III around the end of Q1 or a little later, it is understood.

(Source: PERE, 2014-01-02)

http://www.zyrealestate.com/news/news.as...037&cate=5

(vested)

[Jacmar]

can somebody explain why ARA cannot be bought with CPF money? tks