ARA Summit Development Fund I

Established2014TypeClosed-end development fundCommitted CapitalUS$80 millionInvestment StrategyGreenfield developmentAsset ClassOffice, retail and residential are the preferred sectorsMarketPrimarily in Australia and Southeast Asia

OVERVIEW

ABOUT ARA Summit Development Fund I is an Asia-focused development fund mandated to invest in real estate development projects with value enhancement potential. Straits Real Estate Pte. Ltd., the co-investment vehicle established by The Straits Trading Company Limited and the Family Office of Mr. John Lim, are the anchor investors for the Fund.
STATUS The Fund is in asset management mode.
HIGHLIGHTS The Fund has invested in a mixed-use development and three residential developments in Australia.