LOCATIONSouth KoreaGROSS RENTABLE AREAApprox. 0.86 million sq ftAs at 31 March 2020
Anthony KangCEO, ARA Koreaanthonykang@ara-group.com


ARA-NPS Real Estate Investment Company and ARA-NPS REIT No.2 are managed by ARA Korea, a subsidiary of ARA incorporated in South Korea. 

Assets under management are two commercial properties in Seoul: Orange Center and CJ Cheil Jedang Center. Orange Center and CJ Cheil Jedang Center are leased to Orange Life Korea and CJ Group, respectively, in order to house their main offices in Korea. The divestment of Orange Center was successfully completed on 3 Feb 2020, while the divestment of CJ Cheil Jedang Center is in progress.

Both REITs are unlisted and mainly funded by the National Pension Service of Korea, one of the top three national pension funds in the world.