Alternatives lead this week’s collection of personnel moves from across Asia Pacific’s real estate sector, with the top three entries representing logistics, data centres and proptech. Also making the list is a senior appointment at CapitaLand’s Ascott division and a… Read More>>
Ascott Acquires Co-Living Asset in Tokyo and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand’s Ascott division buys a residential property in Tokyo, insurance giant AIA reportedly seeks to buy an office project under development in Shanghai, and billionaire Li Ka-shing dumps his stake in AMTD Group… Read More>>
CapitaLand’s Ascott Buying Oakwood Serviced Apartment Business From Mapletree
Singapore’s The Ascott Ltd is buying serviced residence provider Oakwood Worldwide from Mapletree Investments for an undisclosed amount in a move that would boost its management portfolio by 11 percent with the addition of 81 accommodations globally, the firm announced… Read More>>
CapitaLand Earnings Rise 16% Led by Fund Management Income
CapitaLand Investment Ltd reported on Thursday that its first quarter income rose 16 percent to S$598 million ($428.5 million), carried mostly by its real estate investment business which saw an upswing in earnings despite the pandemic.
“Most of our markets… Read More>>
CapitaLand’s Ascott Sets Up $150M US Student Housing Venture With Saudi Partner
Singapore-based The Ascott Ltd will expand its US student housing empire through a $150 million development venture with Saudi investor Riyad Capital, starting with an apartment complex near the flagship university of the state of Nebraska.
Ascott, the rental housing… Read More>>
Ascott REIT Buying Carlyle-Backed Illinois Student Housing Project for $83M
Ascott Residence Trust has agreed to acquire an apartment building near the main campus of the University of Illinois, marking the Singapore-listed REIT’s fourth investment in the US student accommodation market this year.
ART will pay $83.25 million for the… Read More>>
CapitaLand’s Ascott Group Adds to Rental Empire With Texas, Australia Deals
Singapore-based CapitaLand’s rental housing division made a pair of overseas bets this week, with the managers of SGX-listed Ascott Residence Trust announcing the purchase of a Texas student accommodation asset and Ascott Ltd taking full ownership of Quest, Australia’s biggest… Read More>>
Ascott-Qatari Fund to Acquire Paris, Hanoi Residential Projects for $156M
Singapore’s The Ascott Ltd has agreed to buy a Paris co-living property and a Hanoi serviced apartment project on behalf of the firm’s private equity fund with the Qatar Investment Authority for S$210 million ($156 million).
The acquisition of the… Read More>>
CapitaLand’s Ascott Takes on $110M Student Housing Project in South Carolina
Singapore-listed Ascott Residence Trust has returned to the US for a second helping of Southern hospitality, joining forces with sister firm The Ascott Ltd to invest in and develop a Columbia, South Carolina student housing project for an expected $109.9… Read More>>
Crown Resorts Gets $2.4B Pitch From Oaktree and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie casino operator Crown Resorts is presented with a revised buyback proposal from Oaktree Capital Group, Singapore’s stock exchange launches the world’s first ESG REIT derivatives, and Shenzhen’s efforts to curb housing prices… Read More>>
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