Oct 5, 2020
Building Local Credibility for ARA
Driven by a strong interest in redeveloping retail malls in Malaysia, ARA Group initiated the ARA Asia Dragon Fund I back in 2007 - the group’s flagship private real estate fund that focused on opportunities to divest existing and potential assets in Malaysia and other Asian economies.
As retailers were more cautious about expanding their businesses into new shopping malls at the time, largely due to a rocky economic climate, ARA looked at investments selectively; and consider upgrading, revamping, improving tenant mix, and assigning stronger management team of existing malls as vital approaches in ensuring success. The five (5) malls they acquired were Klang Parade, Ipoh Parade, 1 Mont Kiara, AEON Bandaraya Melaka, and Citta Mall.
We were part of this project with ARA; providing our services on more than a yearlong retainer as they established their presence in the Malaysian retail landscape. Apart from highlighting the development of the malls, our main target was to position the parent company, ARA, as the leader in retail mall sector in Malaysia, and the broader region.
Read more: https://orchanpr.blogspot.com/2016/11/blast-from-past-ara-group-corporate.html
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