reit-manager-aras-ipo-likely-to-price-at-top

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 of up to S$279.45 million $184 million. ARA is not a Reit, but a fund management company whose primary income is derived from the management of Reits. It also operates several other funds including...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222