ARA Asset Management (ARA) says it has signed an Memorandum of Understanding with Qatar-based Regency Group to jointly manage a Shariah-compliant real estate investment trust (REIT) to be listed on the Singapore Exchange.
The proposed REIT is expected to comprise primarily of hospitality properties, including hotels and serviced apartments, located in Qatar, which will be contributed by the Regency group as the sponsor of the REIT.
