Asia Pacific real estate investment news and information
CapitaLand Ascott Trust has agreed to buy a downtown Singapore hotel from a private fund managed by its sponsor for S$263 million ($204.4 million), as the SGX-listed REIT pursues a strategy to recycle capital into higher-yielding assets.
CLAS is acquiring… Read More>>
TPG’s Twin Brook Capital Partners leads Mingtiandi’s headline roundup today, as the private equity firm closes its $3.9 billion direct lending fund backed by GIC and the World Bank. Also making news, Singapore-listed CapitaLand Ascott Trust secures a $124.5 million… Read More>>
CapitaLand Ascott Trust (CLAS) achieved a 12 percent year-on-year increase in gross profit during the first six months of the year, with the hospitality trust’s managers attributing the Singapore-listed REIT’s improved performance to sustained demand for accommodation and rising room… Read More>>
Singapore-listed CapitaLand Ascott Trust has taken full ownership of Standard at Columbia after acquiring the remaining 10 percent stake in the US student accommodation asset.
In 2021, CLAS (then known as Ascott Residence Trust) teamed with sponsor The Ascott Ltd… Read More>>
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit during the first quarter of this year, compared with the same period in 2023, with the trust’s managers citing sustained lodging demand and expansion of its portfolio as boosting… Read More>>
A property investment firm backed by some of Hong Kong’s wealthiest families has completed its acquisition of a trio of Osaka hotels from CapitaLand Ascott Trust, with Axe Management Partners having paid JPY 10.7 billion ($75 million) for the assets.
CapitaLand Ascott Trust has appointed Lui Chong Chee as the next chairman of the Singapore-listed lodging REIT, succeeding the retiring Bob Tan.
Lui, who currently sits as a non-executive independent director, will take over the chairman’s seat on 22 April… Read More>>
CapitaLand Ascott Trust announced on Sunday that it will divest three hotels in Osaka for JPY 10.7 billion ($75 million) as part of what the Singapore-listed REIT described as a portfolio reconstitution effort.
CLAS said in a press release that… Read More>>
China’s sovereign fund leads Mingtiandi’s review of personnel moves from around Asia this week with news that CIC’s head of infrastructure has resigned from the Beijing-based organisation. Also making the list is a new CFO of Singapore’s Elite Commercial REIT… Read More>>
A lodging unit of CapitaLand Group is in due diligence to buy a hotel in Singapore’s Bugis area from Hong Kong-based Gaw Capital Partners at a price potentially 28 percent less than the company’s target in a marketing exercise a… Read More>>
