Hong Kong's ESR completes $5.2b acquisition of ARA Asset Management

Hong Kong-based ESR Cayman Limited (ESR) has announced the completion of its $5.2 billion acquisition of real estate fund manager ARA Asset Management (ARA), including its subsidiary LOGOS, according to an announcement on Thursday.

This transaction transforms the enlarged ESR Group into APAC’s leading real asset manager and the third-largest listed real estate investment manager globally with a gross AUM of $140 billion, according to the statement.

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