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ESR to acquire ARA Asset Management for $5.2b
Investors - AUGUST 4, 2021

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ESR to acquire ARA Asset Management for $5.2b

by Andrea Zander

ESR has plans to acquire ARA Asset Management, with $95 billion assets under management, for $5.2 billion.

Following the completion of the transaction, ARA’s business will be combined with ESR’s platform. The enlarged ESR Group will become APAC’s largest real estate and real asset manager powered by the new economy, and the world’s third-largest listed real estate asset manager. The combined AUM will reach $129 billion, of which more than $50 billion is in new economy real estate, making it the largest such platform in APAC.

Jeffrey Perlman, chairman of ESR, said, “Our vision has always been to build a leading fund manager focused on technology-enabled real estate, especially logistics and more recently data centers, on the back of major secular trends including the rapid rise of ecommerce, digital transformation and the financialization of real estate in Asia Pacific. With the acquisition of ARA, we are very excited to bring two best-in-class businesses toge

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