20 May 2016


ARA further increases its stake in Suntec REIT

ARA, has emerged as one of the biggest shareholder in Suntec REIT with an interest of 5% as of 19 May 2016.

Together with the deemed interest held by the Tecity group of companies (one of the major shareholders of ARA) both parties have an approximate stake of 15% in Suntec REIT. This moves while aligning ARA’s interest with Suntec REIT’s unitholders, also makes Suntec a captive SGD 9bn investment vehicle for ARA, further solidifying ARA’s stream of recurring management fee income.