ESR completes acquisition of ARA Asset Management

ESR Cayman Ltd. has announced the completion of its acquisition of ARA Asset Management, including its subsidiary LOGOS, in a $5.2 billion transaction, which transforms the enlarged company into Asia Pacific’s No. 1 real asset manager powered by the New Economy and the third-largest listed real estate investment manager globally with gross assets under management of $140 billion.

“We are excited to bring together the best-in-class platforms of ESR, ARA and LOGOS to form APAC’s largest real asset manager powered by the New Economy,” said Jeffrey Perlman, chairman of the ESR Group. “On the back of the accelerating advancement, broad-based adoption and high-frequency usage of technology, we are witnessing a once-in-a-multi-generation change in real estate, and our vision is to deliver a fully integrated solution to leading global capital partners and customers. As a part of this continuous pursuit, the ESR Group will leverage its expanded scale and offerings, capabilit