ARA Asset Management acquires majority stake in LOGOS
ARA Asset Management has acquired a majority stake in LOGOS via its logistics arm, ARA Logistics Partners, joining existing shareholders, LOGOS’ founders and Ivanhoe 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 of approximately S$1.3 billion (US$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.
Founded in 2010, LOGOS now operates across eight countries in Asia Pacific, m