Suntec Singapore acquired by ARA
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Suntec Singapore International Convention & Exhibition Centre (Suntec Singapore) has announced its acquisition by ARA Asset Management Limited through the ARA Harmony Fund, said to be worth SG$235 million (US$164 million). ARA will be the asset manager and convention & exhibition service provider for Suntec Singapore after the transaction completes.
“With approximately 1 million square feet of real estate space strategically located in the Marina Bay area, Suntec Singapore is a prized asset with excellent potential for enhancement,” said ARA Group CEO John Lim (pictured left, with Pieter Idenburg, CEO of Suntec Singapore).
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