| Log in

Singapore’s ARA Plans To Launch $500 Mn India Property Fund

06 January, 2009

Singapore’s property fund manager ARA Asset Management(partly owned by Hong Kong business tycoon Li Ka-Shing who earlier sold his stake in Indian telecom major Hutchison Essar to Vodafone in a multi billion dollar deal) plans to launch country-focused funds for China, India and Japan. The idea is to profit from declining real estate prices which is expects will bottom later this year, providing an upside for profit, Reuters reports.

Indian (and Asian) property prices have fallen sharply since the middle of last year, and listed developers like Unitech and DLF have seen serious funds crunch.

ARA Group CEO John Lim has said that ARA hoped to launch country-specific closed-end funds to invest in China, India and Japan and the firm hoped to raise a minimum of $500 million for each fund.

ARA’s business comprises of Real Estate Investment Trusts(Fortune REIT, Suntec REIT, Prosperity REIT, AmFIRST REIT), Private Real Estate Funds(ARA Asia Dragon Fund, AIFEREF, CCP Fund and co-operation agreement with Merrill Lynch), Specialist Equity Funds( ARA Asian Asset Income Fund) besides Corporate Finance Advisory Services.

Its flagship Asia Dragon Fund, which has more than $1 billion available for new investment, yesterday bought a 51-storey office-cum-retail building in Nanjing, China, for about $233 million.


View Comments
Singapore: An REIT Listing Magnet For Indian Firms

Singapore: An REIT Listing Magnet For Indian Firms

Reuters 8 years ago
The success of Singapore’s first real estate trust offering this month has...
Fortis Healthcare Eyes Singapore REIT

Fortis Healthcare Eyes Singapore REIT

Reuters 7 years ago
Indian hospital operator Fortis Healthcare is looking to list a real estate...
Why realty PE firms are skipping previously planned commercial property funds

Why realty PE firms are skipping previously planned commercial property funds

Swet Sarika 3 years ago
Almost all of the big ticket real estate private equity deals in the country are...
2 Comments
R K SEHGAL . 6 years ago

For a landbank of 15 acres in a prime location at Gurgaon, Haryana (India), we are looking for private equity partner/s for construction of hotel, banquet halls, conference rooms, shopping complex, pvr, private villas, etc.The present value of this landbank is Rs600 crore ($120 millions) approx.Total investment for abovesaid construction works is expected to the tune of Rs1000 crore($200 millions).We look forward for your investment in the above mentioned project. Your earliest response is solicited.

Thanks & regards.

R K SEHGAL

91-9212043528

bhsu . 6 years ago

Its the welcoming news.Already rentals in singapore and other asian countries are highter.This sort of huge investments will help to reduce the increasing prices

Singapore’s ARA Plans To Launch $500 Mn India Property Fund

Powered by WordPress.com VIP