ARA Private Funds inked $635.82m total real estate deals in H1

It will sign over $960m in additional pipeline assets by end-2019.

The private funds division of ARA Asset Management, ARA Private Funds (APF), closed a total of over $635.82m (US$460m) of real estate transactions in the first half of 2019, according to a press release.

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APF is also set to sign an additional $967.55m (US$700m) of pipeline assets by the final quarter of this year, including two office buildings in prime locations in their respective markets, a landmark community retail mall and co-living.

The division acquired an office building in Singapore’s fringe CBD and a B-Grade office building in the heart of Brisbane’s CBD earlier this year.

“Looking ahead, the team will continue its de-risked value-add strategy, seeking underperforming, undervalued income-generating assets in the deep, liquid gateway markets in Asia Pacific,” APF acting CEO David Kim said.