ARA has signalled its intention to grow through M&A in Europe. : The Warburg-Pincus-backed ARA Asset Management has established a European platform to spearhead its expansion outside Asia-Pacific. John Lim, ARA’s group CEO, said business expansion initiatives in Europe “will be in the form of real estate investment trusts, private funds and other fund management-related platforms via merger and acquisition”. ARA has appointed property industry veteran Mark Ebbinghaus, who was most recently global head of real estate with Standard Chartered Bank in Singapore, as its senior adviser for the European business. Ebbinghaus will be based in London.