ESR Cayman to Buyout ARA Asset Management for $5.2bn
Hong Kong’s logistics real estate player ESR Cayman announced that it will acquire 100% of the integrated real estate fund manager ARA Asset Management for $5.2bn. The acquisition will see ESR Cayman buy all of ARA’s share capital with $4.7bn in new ESR shares and...
ESR Cayman and GIC to Buy Aussie Portfolio from Blackstone for $3 Billion
Hong Kong-listed ESR Cayman announced via an exchange filing that it has entered into an agreement, along with sovereign wealth fund GIC, to buy an Australian property portfolio for A$3.8bn ($2.9bn) from asset manager Blackstone. Bidco, which is 80% owned by GIC...
