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ARA buys Marble Arch Place in London for $509 million

The Edge Singapore
The Edge Singapore 12/17/2021 5:6 PM GMT+08  • 1 min read
ARA buys Marble Arch Place in London for $509 million
London continues to draw strong demand for its commercial assets
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ARA Asset Management, via two of its private real estate funds managed in Korea, has acquired Marble Arch Place in London for £280 million ($509 million).

This newly-developed mixed use property gives views of Hyde Park and the Marble Arch, comprises over 141,000 sq ft of luxury office, residential and retail space.

It has a weighted average lease term to expiry of 15 years.

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