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Ascott's global fund acquires prime Paris, Tokyo properties for US$104m

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The Ascott's US$600 million serviced residence global fund - a 50:50 joint venture with the Qatar Investment Authority (QIA) - has acquired two prime properties in Paris and Tokyo for US$104 million.

Singapore

THE Ascott's US$600 million serviced residence global fund - a 50:50 joint venture with the Qatar Investment Authority (QIA) - has acquired two prime properties in Paris and Tokyo for US$104 million.

The Ascott is the serviced residences arm of CapitaLand.

The fund

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