ARA has now sold the last asset in its USD441m ARA Dragon Fund 11.: Gaw Capital Partners has led a consortium including QuadReal Property Group to buy the Ocean Towers office building in Shanghai from an ARA Asset Management fund. Together, with a Beijing mixed use complex sold this week to Link REIT for RMB2.56bn, Singapore-based ARA has sold the last two assets in its USD441m (€387.9m) ARA Dragon Fund 11.