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Ascott chief executive officer Kevin Goh

CapitaLand’s Ascott Buying Oakwood Serviced Apartment Business From Mapletree

2022/07/04 by Beatrice Laforga Leave a Comment

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>>

Beh Siew Kim, CEO of Ascott REIT

Ascott REIT to Sell Serviced Apartments in Guangzhou, Paris for S$191.4M

2020/07/27 by Jonathan Burgos Leave a Comment

Ascott Residence Trust said Monday it has agreed to sell the Ascott Guangzhou and the Citadines Didot Montparnasse Paris serviced apartments for S$191.4 million ($138.8 million) as the Singapore-listed real estate investment trust seeks to monetize assets despite the COVID-19… Read More>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Property Sells Tokyo Apartment Building for JPY 20B

2020/01/08 by James Hatton Leave a Comment

Hong Kong-based Phoenix Property Investors has sold an apartment building in Tokyo for JPY 20 billion ($180 million), just 30 months after buying the property in the Shinagawa area.

The private equity shop headed by financiers Benjamin Lee and Samuel… Read More>>

Ascott Buys Sydney Serviced Apartment Project for S$192M 

2019/09/27 by James Hatton Leave a Comment

The Ascott Ltd, CapitaLand’s hospitality unit, is buying a freehold serviced residence project in Sydney for S$192 million ($139 million), bringing Ascott’s assets under management to S$10 billion globally, according to an announcement by the company.

The serviced apartment owner-operator… Read More>>

Beh Siew Kim, CEO of Ascott REIT

Ascott REIT Sells Ascott Raffles Place in Singapore to Cheong Sim Lam for S$353M

2019/01/12 by Jan Kot Leave a Comment

Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>

aveny apartment hong kong

AEW Sells Central Serviced Apartment Block for Reported HK$240M

2018/12/22 by Emma Zhou Leave a Comment

US real estate private equity firm AEW has reportedly sold a 14-storey boutique serviced apartment building in Hong Kong’s Central district for HK$240 million ($30.66 million), that it had held for just three years, according to a person with knowledge… Read More>>

Yujian Apartment

Lei Jun-Backed Rental Housing Operator Yujian Can’t Pay Landlords, Warned by Bank

2018/10/18 by Emma Zhou Leave a Comment

China’s long-term rental housing market hits the headlines again a Yujian Apartment, a startup backed by Xiaomi founder Lei Jun this week received debt payment notices from a major bank, and is said to owe back rent to its landlords.

… Read More>>

Payson Cha Hanison

CapitaLand Sells HK Serviced Apartment Building to Hanison for $93M

2018/10/04 by Emma Zhou Leave a Comment

Hong Kong real estate developer Hanison Construction on Wednesday announced to the Hong Kong Exchange that it has agreed to purchase a serviced apartment building in Hong Kong’s Sai Ying Pun area for HK$730 million ($93 million).

Hanison, which is… Read More>>

Vanke Debuts in Hong Kong with Launch of 29-Storey Serviced Residence

2018/01/26 by Shawna Kwan Leave a Comment

China Vanke, the mainland’s third-largest developer by sales, has launched its first property project in Hong Kong. The company’s Vanke Hong Kong arm announced that its 29-storey serviced apartment project, The Luna, is now available for pre-leasing and will officially… Read More>>

CapitaLand Fund Invests $55M in Indonesia in SE Asia Growth Drive

2017/09/06 by Greg Isaacson Leave a Comment

Singapore’s CapitaLand is boosting its portfolio in Indonesia by picking up a serviced residence project in downtown Jakarta for S$74.3 million ($55 million), as part of the developer’s growth drive across southeast Asia.

CapitaLand unit The Ascott Limited is acquiring… Read More>>

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