ESR Group sells ARA Private Funds business for $270m, focusing on New Economy sectors and debt reduction.
ESR Group Limited, Asia's largest real asset manager, is divesting its ARA Private Funds (APF) business for $270m in Australia, Singapore, South Korea, and the US, targeting up to $750m in non-core business sales. This move focuses on New Economy sectors like logistics, data centres and life sciences, with proceeds used to reduce financial indebtedness.
March 11, 2024
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