Christie Ou
In an exclusive interview, Blackstone’s Chris Heady explains why the Australian casino operator was an attractive investment despite its legal troubles.
The executive left EQT after participating in the firm’s $1.8bn acquisition of Pennsylvania-based Exeter Property Group in 2021.
For many institutions, the key concern over selling assets is where to re-invest the equity in a highly competitive market.
The firm has made a trio of hires in the past three months following the launch of its regional core-plus fund, which has already invested $900m to date.
Highly competitive pricing in Tokyo has led to growing interest in Osaka, Nagoya and Fukuoka, especially where there are demographic tailwinds.
The long-serving executive will officially leave ARA at the end of the month as part of the firm’s plan to integrate with its parent company ESR Group.
Link REIT has been actively diversifying its portfolio outside Hong Kong including a recent partnership with Oxford Properties in Australia.
With a value-add strategy, the firm's flagship fund ARA Real Estate Partners Asia II is understood to have been fully deployed in 2021.
The Australian firm also plans to make new hires to bolster its third-party capital management and fundraising capabilities in opportunistic real estate.
The quarter saw the close of four $1bn-plus mezzanine/debt funds, which accounted for a bulk of the capital raised during this period.
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