The We Company launches new real estate acquisition, management platform

KUALA LUMPUR, The We Company has launched ARK, its global real estate acquisition and management platform, to optimise assets and drive innovation across portfolio, via enterprise and anchor tenant strategies.

The platform will initially deploy US$2.9 billion in total equity capital following its combination with WeWork Property Advisors, and The We Company will be the majority owner. (US$1 = RM4.17)

ARK will focus on acquiring, developing and managing real estate assets in global gateway cities and high-growth secondary markets that will benefit from WeWork’s occupancy.

The We Company in a statement said ARK would leverage its access to the company’s site selection process and proprietary technology, as well as its relationships with partners and enterprise member companies, to access a broad range of real estate opportunities.

Ivanhoe Cambridge, one of the world’s largest and most highly-respected institutional real estate investors, is providing substantial capital and support to the platform.

ARK managing partner, Rich Gomel said the launch would help drive growth by leveraging The We Company’s extensive real estate experience and network.

ARK has been set up to capitalise on that opportunity and allow us to provide different partnership options for the real estate community to participate in the growth and expansion of The We Company.

ARK’s leadership is supported by a dedicated group of experienced real estate professionals with diverse expertise across real estate acquisition, development and management.

Source: BERNAMA (News Agency)