Wednesday, August 22, 2012


ARA: Raised approx US$941m for its private real estate funds, ARA China Invt Partners and ARA Asia Dragon Fund II. Co is also supposedly planning a yuan-denominated IPO which would include some of its Chinese property assets in office and retail. The IPO could raise up to $800m and is set for an Oct launch. ARA currently has a P/E of 15.5x

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