Christie Ou
Highly competitive pricing in Tokyo has led to growing interest in Osaka, Nagoya and Fukuoka, especially where there are demographic tailwinds.
The long-serving executive will officially leave ARA at the end of the month as part of the firm’s plan to integrate with its parent company ESR Group.
Link REIT has been actively diversifying its portfolio outside Hong Kong including a recent partnership with Oxford Properties in Australia.
With a value-add strategy, the firm's flagship fund ARA Real Estate Partners Asia II is understood to have been fully deployed in 2021.
The Australian firm also plans to make new hires to bolster its third-party capital management and fundraising capabilities in opportunistic real estate.
The quarter saw the close of four $1bn-plus mezzanine/debt funds, which accounted for a bulk of the capital raised during this period.
The vehicle is understood to have been seeded with a high-spec asset located in Shanghai’s life science cluster.
The investment arm of the Canadian insurer has made an internal promotion to continue to lead its Asia real estate footprint expansion.
Real estate equity investors are also looking at the Chinese real estate debt space because they could get similar yields to equity investments.
The Hong Kong-based firm’s filing shows confidence in the public markets, but few other managers are likely to follow suit.