New ARA trust to hold Qatar Regency assets
Singapore, December 14, 2009
ARA Asset Management said on Monday it plans to launch a real estate investment trust (REIT) in Singapore which will hold assets such as hotels and service apartments currently owned by Qatar's Regency Group.
The proposed REIT that will comply with sharia, or Islamic, principles.
DBS, a leading consumer bank in Singapore, is the financial advisor for the proposed REIT. – Reuters