Reit manager ARA's IPO likely to price at top

ARA Asset Management attracts strong demand as investors welcome its defensive profile. The recent investment by Calpers in one of its funds adds to the attraction.

Primary market investors looking for low-risk assets with a steady income flow and growth potential on top, have no shortage of vehicles to choose from at the moment with at least four real estate investment trusts Reits or business trusts currently in the market or expected before the end of the year. And that is in Singapore alone.

But that didnÆt mean they overlooked ARA Asset Management Limited, which has just completed the institutional roadshow for an initial public offering...

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