• Singapore stock market and companies daily report (ARA Asset Management) (September 15, 2015)

    ARA Asset Management has announced that the group has successfully raised US$325 million in capital commitments for its private real estate funds division via a new separate platform.

    A premier Asian-based sovereign wealth fund is the anchor investor of the platform and the new platform will be a closed-end fund with an initial term of 10 years, which may be extended.

    The fund, which will be managed by ARA Fund Management, a wholly-owned unit of the group, has a mandate to invest in real estate assets across Asia. As at 30 June 2015, the groupís assets under management stood at approximately $26.9 billion.

    Contributed by Shares Investment
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