ESR Cayman has completed the acquisition of ARA Asset Management (ARA) and its subsidiary LOGOS for $5.2bn in a cash and stock transaction.

The deal creates one of the largest asset manager in Asia-Pacific (APAC) region and the third-largest listed real estate investment manager globally with nearly $140bn AUM.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

For the stock component of the deal, ESR issued shares worth $4.7bn, the remaining $519m was paid in cash.

With the completion of the deal, ARA’s business is combined with ESR’s platform under a unified ESR brand.

ESR Group chairman Jeffrey Perlman said: “We are excited to bring together the best-in-class platforms of ESR, ARA and LOGOS to form APAC’s largest real asset manager powered by the New Economy. On the back of the accelerating advancement, broad-based adoption and high-frequency usage of technology, we are witnessing a once-in-a-multi generation change in real estate and our vision is to deliver a fully integrated solution to leading global capital partners and customers.”

ESR co-founders and co-CEOs Stuart Gibson and Jeffrey Shen said: “Global investors are increasingly consolidating their relationships towards a smaller number of large-scale managers with diversified capabilities and strong track records. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Against this backdrop, ESR is in a prime position to capitalise on this outsized growth, leveraging the expanded scale and offerings of the enlarged platform as APAC’s leading real asset manager to deliver unique ‘one-of-a-kind’ integrated solutions.”

The deal also adds 59 new capital partners to ESR Group’s network, which will allow it to expand its product offering including adding discretionary pan-Asia vehicles for the first time. 

ESR currently works with nine of the world’s top 20 capital partners.