ARA Asset Management has acquired a majority stake in LOGOS via its logistics arm, ARA Logistics Partners Ltd., joining existing shareholders, LOGOS’ founders and Ivanhoé Cambridge. LOGOS will operate as ARA’s exclusive platform for logistics assets globally, offering ARA’s investors a whole suite of products in the private and public markets.
As part of the acquisition, ARA has completed the transfer of its holdings in ARA Trust Management (Cache) Ltd., the manager of Cache (the manager), and its unitholding in Cache Logistics Trust (Cache), a major Singapore logistics REIT with assets under management (AUM) of approximately S$1.3 billion ($640 million), to LOGOS. ARA will continue to retain control of the manager via its holding in LOGOS and will continue to grow Cache to enhance value for its unitholders. Cache will be rebranded in the coming months to align with ARA and LOGOS’ growth plans.
Trent Iliffe, LOGOS’ joint managing director, said, “The logis
