ARA Asset Management

Phillip Securities Research likes The Straits Trading Company (STC) which is shaping up to be a property powerhouse.

SINGAPORE (Feb 28): ARA Asset Management, the real estate assets fund manager, has acquired Seoul Square in Korea.

SINGAPORE (Jan 4): ARA Asset Management and Chelsfield Asia, part of the UK property property group Chelsfield, have formed a joint venture to acquire Manulife Centre at 51 Bras Basah Road for $555.5 million.

SINGAPORE (Dec 3): ARA Asset Management announced Monday that it has completed the acquisition of a portfolio 38 hotels in the US.

SINGAPORE (June 26): CGS-CIMB Securities is maintaining its “hold” call on Cache Logistics Trust (CLT) with an unchanged target price of 80 cents.

SINGAPORE (June 25): ARA-CWT Trust Management (Cache), as manager of Cache Logistics Trust, has proposed the acquisition by ARA Asset Management of all of CWT shares in the manager and in Cache Property Management, the property manager of Cache.

SINGAPORE (Aug 8): Religare Capital Markets says the amalgamation of ESR-REIT and Sabana REIT will create a bigger, more liquid and investable REIT.

SINGAPORE (July 28): ARA Asset Management, the manager of Fortune REIT, reported interim DPU rose 3% to 25.53 HK cents (4.44 cents) from 24.78 HK cents a year ago.

SINGAPORE (July 13): ARA Asset Management is issuing $300 million worth of perpetual securities carrying a coupon of 5.2%.

SINGAPORE (June 15): ARA Asset Management has been said to be in line to purchase a half-share of Mirvac’s Olderfleet office development at 477 Collins Street, Melbourne, Australia.