ARA Asset Management launches Hamony VI fund to invest in Century Link project

Visual of Century Link project in Shanghai. Credit:ARA Asset Management

Singapore-listed ARA Asset Management Limited has established ARA Harmony VI (“Harmony VI”) to invest in Century Link, a newly-completed premium-grade integrated commercial property located in the heart of Lujiazui Finance and Trade Zone in Pudong New District, Shanghai, China.

The agreed property value is RMB20 billion (approximately S$4.1 billion). This renders it the largest single-asset property transaction in Asia Pacific this year. As at 30 June 2016, ARA’s assets under management (AUM) stood at approximately S$29.7 billion.

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