Agent.sg / Property news / Real estate fund manager ARA exploring listing in 2-3 years: CEO

Real estate fund manager ARA exploring listing in 2-3 years: CEO

Pincus-backed ARA Asset Management, one of the largest Asian real estate fund managers, is exploring a dual stock market listing, including one in Singapore, in the next two to three years, group CEO and co-founder John Lim said.

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"A dual listing is a likely scenario. Singapore definitely will be one venue," Mr Lim told Reuters on the sidelines of a conference organised by DealStreetAsia on Tuesday.

Real estate fund manager ARA exploring listing in 2-3 years: CEO

ARA Group and its associates have grown their assets under management to S$83 billion from S$36 billion in 2017 when Mr Lim partnered with Warburg Pincus and China's AVIC Trust to take ARA private, valuing the company at S$1.8 billion.

Besides Singapore, other listing options include Shanghai, Hong Kong, London and the United States, Mr Lim said. "Our transformation is done. This is the time for us to grow," he said, adding that he expected the company to have a valuation of between S$4 billion to S$5 billion in two to three years.

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