Market news —
What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
The Singapore-listed real estate investment trust (S-Reit) sector does not need more Reits; it needs bigger ones....read more on The Business Times
That is the candid assessment of industry veteran John Lim, who believes the local market’s growth strategy requires a fundamental shift towards consolidation and aggressive global expansion.
Lim’s perspective carries the weight of history. Having spent over two decades building ARA Asset Management into a US$100 billion behemoth, he was instrumental in listing pioneering vehicles such as Suntec Reit and Fortune Reit at a time when the market was highly suspicious of the asset class.