What does it take to be a REIT manager?

SINGAPORE (June 22): Earlier in June, John Lim, CEO of ARA Asset Management, and a pioneer of Singapore’ real estate investment trust sector, sat down with The Edge Singapore after just announcing a sterling set of results.

Along with Japan’s Kenedix and Australia’s Cromwell Property Group — itself an internalised REIT — ARA can now lay claim to assets under management (AUM) of $77 billion, putting it within reach of Lim’s $100 billion target that he set about a year ago.

ARA owns the management companies of five listed REITs — Suntec REIT and Cache Logistics Trust, listed in Singapore; Fortune REIT, listed in Hong Kong and Singapore; Prosperity REIT, listed in Hong Kong; and a 30% stake in the manager of Hui Xian REIT, listed in Hong Kong.

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