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ARA Asset Management Ltd makes inroads into SOUTH KOREA with the acquisition of Macquarie Real Estate Korea Limited


Sunday, 22 Dec 2013 06:49pm EST 

ARA Asset Management Ltd:Says it has entered into a conditional sale and purchase agreement for the acquisition of Macquarie Real Estate Korea Limited (MREK).Says MREK is a real estate management company based in Seoul, South Korea that manages two privately held Korean Real Estate Investment Trusts (K-REITs) with combined Assets under Management (AUM).Says as part of the transaction, ARA will also acquire a 10.02 pct equity interest in one of the K-REITs, co-investing alongside one of Korea‚Äôs pension funds, of whom is also the sole investor in the second K-REIT. 

Company Quote

1.675
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26 Dec 2014