ESR Cayman acquires ARA Asset Management for US$5.2 billion

The Edge Singapore
The Edge Singapore8/4/2021 11:46 PM GMT+08  • 3 min read
ESR Cayman acquires ARA Asset Management for US$5.2 billion
The combined entity will have US$129 billion in AUM.
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ESR Cayman is acquiring ARA Asset Management for US$5.2 billion to form one of the world's largest real estate management firms with total assets under management of some US$129 billion.

Under terms of an agreement announced late in the evening of Aug 4, the deal has an irrevocable undertaking given by OMERS and JD.com, two key ESR shareholders holding a combined 46% stake.

Founded in 2002 and listed on the SGX between 2007-2017, ARA claims it is the largest real asset manager in Asia-Pacific along with its subsidiary, LOGOS.

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