Ascott
Ascott is a Singapore lodging business. It is a fully-owned subsidiary of CapitaLand Investment. Ascott's portfolio spans over 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott has more than 78,000 operating units and over 57,000 units under development, making a total of more than 135,000 units in 800 properties.
Ascott Residences Trust reveals $150m private placement
It will benefit its stapled security holders.
Ascott Residences Trust reveals $150m private placement
It will benefit its stapled security holders.
Ascott Residences Trust to acquire nine properties in five countries
The estimated costs of the acquisitions totaled $318.3m.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
CLI to receive immediate fee income from Ascott’s acquisition of Oakwood
Oakwood has 81 properties and 15,000 units under management.
Ascott to acquire Oakwood Worldwide from MapleTree Investments
The acquisition will increase Ascott’s global portfolio by 81 properties.
CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.
Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.
Upon the completion of its acquisition in Q322, Ascott said Oakwood will also “immediately” contribute to its recurring fee income streams.
“The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.
Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.
REITs ‘not out of the woods yet’ but easing of inflation offers respite
UOB Kay Hian noted the easing of US core inflation to 4.9% in April 2022.
Ascott acquires first lyf-branded co-living property in Sydney, Australia
The freehold asset was acquired through its serviced residence global fund.
Ascott opens lyf Farrer Park Singapore in Little India
It is Ascott’s third coliving property in Singapore under the lyf brand.
Ascott Residence Trust issues first sustainability-linked bond of $200m
This is the first sustainability-linked bond by a Singapore-listed real estate trust.
Ascott taps into metaverse with launch of lyf Innovation Lab
The lab will develop technologies to deliver cutting-edge experiences to guests in the metaverse.
Ascott eyes 150 lyf coliving properties by 2030
Currently, the lodging business has 17 properties under its lyf brand.
Ascott obtains two properties in Ningo and Amsterdam for around $190m
The acquisitions are set to grow the group’s fund under management to $9b.
Ascott opens 6th lyf coliving property in Asia
The Ascott Limited’s 240-unit property is located in Singapore.
Ascott Residence Trust acquires 5 longer-stay properties in Japan for $125m
This includes ART's first student accommodation property in Japan.
Ascott REIT completes acquisition of 4th student accommodation property in the US
The aggregate purchase consideration of the property was $39.5 m.
Ascott establishes $204.8m new student accommodation
The freehold is the ninth in Ascott's student accommodation portfolio in a year.
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