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Singapore’s ARA Confirms £500M UK Double With Victoria’s Nova Estate and Surrey’s Bourne Business Park

ARA, on Behalf of Suntec REIT, in Talks to Buy CPPIB’s 50% Stake in Nova
Nova Estate in Victoria, London, houses 480,292 sq ft of office and 78,811 sq ft of food and beverage space across three buildings that were completed in 2017. (CoStar)
Nova Estate in Victoria, London, houses 480,292 sq ft of office and 78,811 sq ft of food and beverage space across three buildings that were completed in 2017. (CoStar)
CoStar News
October 8, 2020 | 3:05 P.M.

ARA Dunedin Asset Management has confirmed its acquistion of a 50% stake in the landmark Nova Estate in Victoria in London by its capital partner, Singapore-listed Suntec Real Estate Investment Trust, in a circa £435m transaction first revealed by CoStar News.

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