HK’s ESR Cayman to buy ARA Asset for US$5.2b (Business Times)
Shared my thoughts with Business Times on ESR Cayman’s US$5.2b deal to acquire real estate fund manager ARA Asset Management. Don’t think it is cheap, but founder John Lim – Singapore’s latest billionaire – has a knack for delivering value. Its AUM has doubled to S$120b since its delisting in 2017, and it currently manages … Read more