ARA Asset Management pauses investment activities amid virus outbreak
Mr Lim reassured stakeholders that, since the Sars outbreak in 2003 and the global financial crisis in 2008, the group has learnt to build a"robust" company system and capable local teams in the countries ARA operates in. This has allowed ARA to continue managing its properties well during the current crisis and plan ahead for recovery.
Across its offices and ARA-managed assets, the group has implemented business continuity measures such as team splitting, virtual meetings and strict visitor protocols. It has also taken safety precautions including frequent office cleaning, safe distancing and leave of absence for staff at risk. "We are grateful that all our staff are safe," Mr Lim wrote in the message."But there is no room for complacency."
ARA manages listed and unlisted real estate investment trusts and private real estate and infrastructure funds in 28 countries. In Singapore, the Reits it manages include Suntec Reit, Cache Logistics Trust and ARA US Hospitality Trust.
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