Gobal integrated real assets fund manager, ARA Asset Management Limited has closed over US$460 million of real estate transactions in the first half of 2019 by its private funds division, ARA Private Funds.
ARA Private Funds has a further US$700 million of pipeline assets, subject to due diligence, scheduled to sign by the final quarter of 2019.
This marks a strong, acquisitive year for APF, which acquired a well-located office building in Singapore’s fringe CBD and a B-Grade office building in the heart of Brisbane’s CBD earlier this year.
The team is now focused on a further US$700 million pipeline of assets by the end of 2019. These include two office buildings in prime locations in their respective markets, a landmark community retail mall and co-living. These assets present compelling investment opportunities in key gateway cities where the firm has significant local presence and the value-add expertise, in line with the Group’s investor-operator model.
“Our robust pipeline highlights our ability to source attractive deals, especially off-market opportunities, in key gateway cities of Asia Pacific where we have ‘boots-on-the-ground’ and a well-established investment track record, enabling competitive advantages and the ability to deploy investor capital judiciously,” said David Kim, Acting CEO of ARA Private Funds.
“Looking ahead, the team will continue its de-risked value-add strategy, seeking underperforming, undervalued income-generating assets in the deep, liquid gateway markets in Asia Pacific. The Group’s vertically integrated investment, asset and property management platform allows us to offer significant yield enhancement and investment returns for our investors,” he added.