InfraRed Capital Partners (InfraRed) and ARA Dunedin today announced the acquisition of
InfraRed European Real Estate Investment Management (InfraRed Real Estate), a specialist
discretionary fund manager in the real estate sector with c. US$1.4 billion of equity under
management, by ARA Dunedin.
The strategic acquisition will support ARA Dunedin, owned by ARA Asset Management (ARA), as
it looks to expand its footprint in the European real estate market. ARA Dunedin will work with
InfraRed Real Estate to drive its strategies in European value add and core plus Urban logistics,
areas where the business has a long-standing track record.
The transaction is the result of a strategic review undertaken by InfraRed to determine the long-term
evolution of its real estate investment management business, following the announcement
of its partnership with Sun Life in December 2019. As part of this review, in May 2021, InfraRed
transferred its Asian real estate management business to BentallGreenOak, which is part of SLC
Management, Sun Life’s alternatives asset management business.
Following the acquisition, InfraRed Real Estate will remain a highly focused value-add business,
led by the same investment management team with a strong track record of investment
performance in the real estate sector over the past 25 years and across eight funds. In addition,
the management team of InfraRed’s European real estate business will invest in a minority stake
in ARA Dunedin.