Singapore’s ARA forays into real estate credit market in Europe

Singapore's ARA forays into real estate credit market in Europe

Singapore-listed ARA Asset Management Limited (ARA), through its subsidiary ARA UK Asset Management Limited, has entered into an agreement to establish a joint venture (JV) with Venn Partners LLP (Venn), a specialist investment manager in European real estate private debt, to capitalise on the real estate credit market in the region.

Partnership marks ARA’s foray into the real estate credit market, said in a statement.

The proposed joint venture, ARA Venn, will create and manage funds and other ownership vehicles to invest in real estate credit strategies in Europe.

Subject to regulatory approvals, the deal is expected to complete by the first quarter of 2020.

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ARA Asset Management Limited is a global integrated real assets fund manager. As at 30 June 2019, Gross Assets Managed by ARA Group and its Associates is more than S$83 billion across over 100 cities in 23 countries.

Venn Partners is an investment manager in European real estate private debt. The group specialises in creating investment products that provide investors with access to compelling risk-adjusted returns, whilst satisfying borrower demand for competitive, efficient and transparent loan product. Venn Partners serves the investment needs of a diverse range of government entities, leading global institutions and private investors. Founded in 2009, the group has AUM and active mandates totalling in excess of £5 billion.