About The REIT Manager
ARA Asset Management (Prosperity) Limited
ARA Asset Management (Prosperity) Limited (the "REIT Manager") is the manager of Prosperity REIT. The REIT Manager is a wholly-owned subsidiary of Singapore-listed ARA Asset Management Limited ("ARA"). ARA is an Asian real estate fund management company focused on the management of REITs and private real estate funds.
The REIT Manager was established for the purpose of managing Prosperity REIT for the benefit of the unitholders. It is a dedicated manager to Prosperity REIT and will not manage any other real estate investment trust or be involved in any other property business. The REIT Manager is licensed by the Securities and Futures Commission of Hong Kong (the "SFC") to conduct the regulated activity of asset management, as required by the Securities and Futures Ordinance (the "SFO") and the Code on Real Estate Investment Trusts (the "REIT Code").
Scope of Management
The REIT Manager is responsible for actively managing the properties in order to maintain high occupancy levels, achieve strong rental growth and maximize net property income. The REIT Manager works closely with the Property Manager to drive organic growth and build strong relationship with tenants as well as seek property enhancement opportunities.
- setting the strategic direction and risk management policies of Prosperity REIT on acquisition, divestment or enhancement of assets of Prosperity REIT in accordance with its stated investment strategy;
- preparing various property plans on a regular basis to explain the performance of the assets of Prosperity REIT;
- ensuring compliance with the applicable provisions of the REIT Code, the SFO and all other relevant legislation, the Listing Rules, the Trust Deed, all other relevant legislation and all relevant contracts; and
- attending to all regular communications with unitholders.