ARA Asset Management ups stake in Japanese property manager Kenedix to 30%

ARA Asset Management ups stake in Japanese property manager Kenedix to 30%

A city view in Tokyo, Japan. Photo by Ryo Yoshitake on Unsplash.

ARA Asset Management Ltd, a Singapore-based real estate investment firm backed by Warburg Pincus, on Friday announced that it has increased its take in Japanese real estate asset manager Kenedix to 30% from 20.27% previously.