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CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) has opened 20 properties with more than 4,500 units in the first half (H1) of 2022, a 56% year-on-year (y-o-y) increase in units.
CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring a freehold asset in Tokyo, Japan via the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority. The asset will be refurbished to introduce Ascott’s first lyf-branded coliving property in the city. The acquisition follows Ascott’s signing of over 7,500 units in 1H 2022, a 32% increase compared to the same period last year.
Acquisitions to grow Ascott’s fund under management to S$9 billion when fully deployed
SINGAPORE (THE BUSINESS TIMES) - CapitaLand Investment Limited's (CLI) wholly-owned lodging business unit, The Ascott Ltd, is acquiring a freehold student accommodation asset in Nebraska, US, through a joint venture with total US$150 million (S$204.8 million) in committed equity between Ascott and Riyad Capital. . Read more at straitstimes.com.
The Ascott Limited has established a development venture totalling US0m in committed equity to develop student accommodation assets in the USA.