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Normally when someone says they are late to the party, they don’t mean it as a good thing. But for Singaporean fund manager ARA, arriving to the UK real estate scene later than some of its Asian peers just might be.
“There are plenty of groups that came [from Asia] in the last five years and made their bets in the UK and Europe, and we have come in a bit later with fresh capacity,” ARA Head of Europe Mark Ebbinghaus said. “The way things are playing out I don’t think that’s a bad thing.”
It is also doing things differently than some of the other major Asian investors in the UK. Rather than buying individual trophy assets, or even portfolios, ARA is buying businesses. In late 2019, it completed a deal to buy a majority stake in veteran investment firm Dunedin. And in March, it completed a deal to buy a majority of debt fund manager Venn Partners.
Ebbinghaus told Bisnow about the scale of ARA’s ambitions in the UK and Europe, how it is on the lookout for more corporate acquisitions and where the opportunities will lie for an investor coming from Asia for the first time.ARA is one of the largest real estate fund managers in…
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