
We are an Asian real estate fund management company focused on the management of public-listed real estate investment trusts ("REITS") and private real estate funds. ARA was incorporated as an exempted company with limited liability in Bermuda on 1 July 2002 and was admitted to the official list of the main board of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 2 November 2007.
ARA currently manages REITS listed in Singapore, Hong Kong and Malaysia with a diversified portfolio spanning the office, retail and industrial sectors, private real estate funds that invest in Singapore, Hong Kong, Malaysia and China; and a specialist equity fund investing in a portfolio of primarily listed equity securities in asset-intensive growth sectors in the Asia Pacific region.
Real Estate Investment Trusts
ARA currently manages four listed REITs across Singapore,
Hong Kong and Malaysia with close to 7 million square
feet of real estate space and a total property value of
approximately S$8.7 billion as at end 2007.We earn:
(i) base fees based on the property or gross asset value of
the REITs we manage;
(ii) performance or variable fees based on the net property
income of the REITs; and
(iii) acquisition or divestment fees based on the value of
acquisitions or divestments by the REITs.
Private Real Estate Funds
We currently manage three closed-end private real estate
funds investing in real estate in Asia. Investors in the
private real estate funds we manage commit capital at
the outset of a fund, which is then drawn down over the
investment period of the fund. Capital is returned to the
investors as investments are realized. We earn:
(i) portfolio management fees based on the committed
or invested capital of the private real estate funds we
manage; and
(ii) performance fees comprising of a share of the returns
of the funds beyond certain hurdle rates.
Specialist Equity Funds
The Group commenced the management of open-ended
specialist equity funds in 2007 with the establishment of
the ARA Asian Asset Income Fund. We earn:
(i) portfolio management fees based on the net asset
value of the fund; and
(ii) performance fees comprising of a share of the net
realized and unrealized returns of the fund beyond a
hurdle rate.
Corporate Finance Advisory Services
ARA Financial Pte Ltd ( “ARA Financial”) is the Group’s
in-house corporate finance advisory arm. ARA Financial
currently provides advisory services on asset acquisitions
to the REITs managed by the Group and advises the
Group on the establishment of REITs, partnerships and
joint ventures as well as mergers and acquisitions.

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