Singapore’s ARA, Canada's QuadReal strike first investment in Australia via JV

Singapore’s ARA, Canada's QuadReal strike first investment in Australia via JV

Artist rendering of 200 Victoria Parade, Melbourne, Australia

Warburg Pincus-backed ARA Asset Management Ltd, one of the largest Asian real estate fund managers, acquired a Grade A office project in East Melbourne, Australia, through its new joint venture with QuadReal Property Group, the property arm of British Columbia Investment Management.