Regional Reit has appointed ARA Europe Private Markets as its investment adviser with immediate effect.
In making the move, the regional office specialist has replaced Toscafund Asset Management.
The board believes the appointment of ARA Europe will enhance the overall strength and capabilities of the both the investment and asset manager. Both the management agreements are to continue on the existing terms up to November 2026.
The acquisition of the investment adviser role by ARA Europe follows the 13 April 2023 announcement that ARA Europe REIT had acquired a majority shareholding in London & Scottish Property Investment Management, with Stephen Inglis retaining a significant interest.
ARA Europe is part of the ESR Group, Asia-Pacific’s largest real asset manager with approximately $150bn in AUM. It is also the largest sponsor and manager of REITs in the region with a total AUM of approximately $45bn.
Kevin McGrath, chairman of Regional Reit commented: “The board welcomes the appointment of ARA Europe and looks forward to working closely with an experienced and well-resourced team, whilst ensuring the services and operational performance received to date are maintained.”
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