ARA ASSET MANAGEMENT LIMITED 
By Asset Management Limited
COMPANY FACT SHEET ARA Asset Management Limited ("ARA" or the "Group"), an affiliate of the Cheung Kong group, is the first real estate fund management company to be listed on the Singapore Exchange. ARA has an established track record in real estate fund management with total assets under management ("AUM") of S$22.1 billion (approximately US$18.1 billion) as at 31 December
2012.
ARA's business is geographically diversified across Asia Pacific, and is focused on the following segments:
ARA is a pioneer in the establishment of REITs in Singapore and Hong Kong and has a proven track record of establishing, listing and managing listed REITs. The Group currently manages over 8 million sq ft of real estate via the following REITs:-
(i) Fortune REIT - Listed in August 2003 on the Singapore Exchange ("SGX-ST") and dual-listed in April 2010 on the Hong Kong Stock Exchange ("HKSE") , Fortune REIT is the first cross-border REIT in Asia as well as the first REIT with a dual primary listing in Singapore and Hong Kong. Fortune REIT currently holds a portfolio of 16 suburban retail malls and properties in Hong Kong valued at HK$20.2 billion (approximately US$2.6 billion).
(ii) Suntec REIT - Listed in December 2004 on the SGX-ST, Suntec REIT is the first composite REIT in Singapore holding both retail and office properties. Suntec REIT's current portfolio of Singapore properties consists of Suntec City, Park Mall, a one-third interest in One Raffles Quay, a one-third interest in the Marina Bay Financial Centre and a 60.8% interest in Suntec Singapore with a gross value of S$7.8 billion (approximately US$6.4 billion).
(iii) Prosperity REIT - Listed in December 2005 on the HKSE, Prosperity REIT is the first private sector REIT listed on the HKSE. Prosperity REIT currently holds a portfolio of 7 office and industrial properties in decentralised business districts in Hong Kong with a combined value of HK$8.0 billion (approximately US$1.0 billion).
(iv) AmFIRST REIT - Listed in December 2006 on Bursa Malaysia, AmFIRST REIT is a commercial REIT in Malaysia jointly managed by ARA and Malaysia-based AmBank Group. AmFIRST REIT currently holds a portfolio of 8 commercial properties in Malaysia valued at RM1.3 billion (approximately US$414 million).
(v) Cache Logistics Trust - Listed in April 2010 on the SGX-ST, Cache Logistics Trust is an Asia Pacific-focused logistics REIT
jointly managed by ARA and leading Singapore-listed logistics group, CWT Limited. Cache currently holds a portfolio of
12 high-quality logistics properties in Singapore and China valued at S$972 million (approximately US$796 million).
(vi) Hui Xian REIT - Listed in April 2011 on the HKSE, Hui Xian REIT is the first offshore RMB-denominated public equity offering in Hong Kong and the first RMB-denominated REIT in the world. Hui Xian REIT is managed by Hui Xian Asset Management Limited, a 30% associated-company of ARA and its main real estate asset is the Oriental Plaza in Beijing. Total assets are valued at RMB37.4 billion (approximately US$6.0 billion).
(Note: REIT property values based on latest public announcements)
(b) Private Real Estate Funds
ARA has an established track record in the management of private funds focused on real estate and real estate securities in Asia. Established in September 2007, the ARA Asia Dragon Fund ("ADF") is the Group's flagship private real estate fund with aggregate commitments in excess of US$1.1 billion. A closed-end fund, the ADF has an initial lifespan of seven years, including an investment period of four years. With a mandate to invest across Asia with a primary focus on the main cities of China, Singapore, Hong Kong and Malaysia as well as a secondary focus on other emerging economies in Asia, the ADF attracted a broad range of investors including public pension funds, foundations and other global institutional investors.
As the ADF approached the end of its investment period, the Group established the ARA Asia Dragon Fund II ("ADF II") in July
2011. The ADF II is also a closed-end fund with an initial lifespan of ten years, including an investment period of five years. ADF II is a Pan-Asian opportunistic real estate fund with a primary focus on retail, office, and residential properties in China, Hong Kong, Singapore and Malaysia, and a secondary focus on the same asset classes in key cities of other Asian emerging economies. ADF II has achieved a third and final closing in August 2012, bringing the total fund size to US$441 million.
ARA China Investment Partners, LLC, ("CIP Fund"), with an initial committed capital of US$500 million has been established as a long term, core-plus separate account vehicle following a significant contribution from the California Public Employees'
Asset Management Limited
Retirement System ("CalPERS"). ARA will also be invested in CIP Fund, which will adopt an investment strategy targeting high- quality, income producing office and retail properties in key cities in China, including Hong Kong.
The initial term of the CIP fund will be ten years with two additional extension options of six years each. Additional capital commitments will be made available upon deployment of the initial commitment at the discretion of CalPERS, and therefore, the fund's portfolio is expected to grow significantly over time.
The Group also manages the ARA Harmony Fund, a single-asset private real estate fund, which owns the Suntec Singapore International Convention & Exhibition Centre ("Suntec Singapore") valued at S$467 million. ARA successfully divested off the interest of its private investors with an internal rate of return of 64.8% in August 2011. Suntec REIT currently holds an effective 60.8% interest in the ARA Harmony Fund.
The Group's first private real estate fund, the Al Islami Far Eastern Real Estate Fund ("AIFEREF"), established in August 2004 with the Dubai Islamic Bank and the Cheung Kong Group as investors, was successfully divested in October 2007 with an internal rate of return of 23.7%. AIFEREF was the first Shariah compliant private real estate fund in Asia.
The Group provides property management and convention & exhibition services under its real estate management services business division. APM Property Management is the property manager for Suntec REIT's property portfolio in Suntec City comprising approximately 1.3 million square feet of prime office space and over 800,000 square feet of retail space. It also manages the common property of this iconic integrated complex.
ARA's award-winning convention & exhibition services subsidiary manages Suntec Singapore, one of the leading MICE venues in the world.
ARA's corporate finance advisory services arm provides advisory services on asset acquisitions to the REITs managed by the Group and advises the Group on the establishment of REITs, partnerships and joint ventures as well as mergers and acquisitions.
A Premier Asian Real Estate Fund Management CompanyWith an established track record in REITs and private real estate funds management, ARA seeks to leverage its growing profile, experienced team of professionals with an intimate knowledge of Asia, and established business relationships to grow its AUM and become the premier real estate fund management company in Asia.
Accolades and Awards in 2012
• Best Managed Board Gold Award (companies with $300 million to $1 billion in market capitalization), Singapore
Corporate Award 2012
• Ernst & Young Entrepreneur Of The Year 2012 Singapore - Mr John Lim, Ernst & Young Entrepreneur Of The Year 2012
Awards
• Ernst & Young Entrepreneur Of The Year - Financial Services - Mr John Lim, Ernst & Young Entrepreneur Of The Year
2012 Awards
• Outstanding CEO of the Year 2011 - Mr John Lim, Singapore Business Awards 2012
• Brendan Woods International - SIAS TopGun CEO Designation Award 2012 - Mr John Lim, SIAS Investors' Choice Award
2012
• Best Asian REIT Manager, Awards for Excellence, The 11th Annual Real Estate Investment World 2012
• Asia Firm of the Year (Third), 2011 Global PERE Awards
• Asia Capital Raise of the Year (Third), 2011 Global PERE Awards
• Excellence in Development of Annual Report - Platinum Award (Real Estate/REIT Sector) , 2010/11 LACP Vision Awards
Annual Report Competition
• Top 100 Annual Reports Worldwide (Sixth), 2010/11 LACP Vision Awards Annual Report Competition
• Business Superbrands 2011/2012, Superbrands
Asset Management Limited
ARA at a Glance Headquarters and Offices: | Singapore Office (Global Headquarters): 6 Temasek Boulevard, #16-02 Suntec Tower Four, Singapore 038986 Telephone: 65-6835 9232, Fax: 65-6835 9672 Hong Kong Office: Unit 5508-10, 55th Floor, The Center, 99 Queen's Road Central, Hong Kong Telephone: 852-2169 0928, Fax: 852-2169 0968 Malaysia Office: Penthouse, Menara AmFIRST No. 1, Jalan 19/3, 46300 Petaling Jaya, Selangor Darul Ehsan, Malaysia Telephone: 60-3-7955 8780/8785, Fax: 60-3-7955 8360 China Offices: Shanghai (China Headquarters) Units 2601-2602, 26th Floor, Azia Center, 1233 Lujiazui Ring Road, Pudong, Shanghai 200120, China Tel: +86-21-6859 1088, Fax: +86-21-6859 1290 International Capital Plaza, 1318 Sichuan North Road, Shanghai 200080, China Tel: +86 21 6307 9000, Fax: +86 21 6307 9050 Beijing Unit 1901, L19, Tower E2, The Towers, Oriental Plaza, No. 1 East Chang An Avenue Dong Cheng District, Beijing 100738, People's Republic of China Tel: 86-10-8520 0187, Fax: 86-10-8520 0177 Guangzhou 161 Linhexi Road Block B, 46/F Tianhe District, Guangzhou 510620, People's Republic of China Tel: 86-20-3831 0876, Fax: 86-20-3825 1658 Nanjing 50-A Nanjing International Finance Center, 1 Hanzhong Road, Baixia District, Nanjing 210029, People's Republic of China Tel: 86-25-8477 5566, Fax: 86-25-8477 5567 Dalian No. 139-1, Xi'an Road, Shahekou District, Dalian 116021, China Telephone: 86411- 8389- 8255 | ||||||||||||||||||||||||||||||
Web Addresses: | www.ara-asia.com www.suntecreit.com www.cache-reit.com www.fortunereit.com www.prosperityreit.com www.amfirstreit.com.my www.huixianreit.com | ||||||||||||||||||||||||||||||
Business Segments: | REITs Established track record - Manager of six listed REITs and a pioneer of REITs in Singapore and Hong Kong Share
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