ARA Asset Management Limited’s Korea subsidiary has completed the acquisition of the iconic Marble Arch Place, a newly-developed mixed-used commercial asset in London, United Kingdom for £280 million (€330 million/$372 million) from Almacantar, via two new private real estate funds managed by ARA Korea (REF) Limited.
NH Investment & Securities underwrote most of the requisite equity along with a co-investment from ARA, as with its investments in Seoul Square and Parc.1 Tower II (Parc.1 NH Finance Tower) transactions previously. The deal was facilitated by ARA’s specialist UK real estate investor and active asset manager, ARA Dunedin.
The Property, a landmark asset located at London’s West End with unparalleled views of Hyde Park and the Marble Arch, comprises over 141,000 square feet of luxury office, residential and retail space1. Designed by world-renowned architect Rafael Viñoly, it boasts outstanding sustainability credentials that meet the BREEAM ‘
