Hong Kong’s ESR to buy Warburg-backed ARA Asset Management for $5.2b

Hong Kong’s ESR to buy Warburg-backed ARA Asset Management for $5.2b

Photo: ESR

Hong Kong-based ESR Cayman Ltd has agreed to acquire real estate fund manager ARA Asset Management for $5.2 billion in a deal that will create Asia Pacific’s largest real asset fund manager.

In an announcement, the companies said the assets under management of the combined entity will be $129 billion, with more than $50 billion to focus on so-called New Economy real estate such as data centres.

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