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Mapletree snaps up US property for US$70m

This is its first foray into serviced residences in its JV with Oakwood
Thursday, August 28, 2014 - 06:00

Mapletree's buy: This 184-unit, freehold apartment complex will be turned into a serviced residence and rebranded Oakwood Silicon Valley.

MAPLETREE Investments has snapped up a property in the heart of America's Silicon Valley for US$70 million, marking its maiden acquisition in the United States. The Temasek Holdings unit will retrofit and upgrade the property, a 184-unit, freehold apartment complex in Sunnyvale, and turn it into

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