SUBSCRIBERS

Ascott fund investing S$170.3m in Funan project's serviced residence

Amount includes S$90.5m for acquiring land from CapitaLand Mall Trust

Published Fri, Aug 4, 2017 · 09:50 PM

Singapore

THE Ascott Limited, CapitaLand's wholly owned serviced residence business unit, is investing S$170.3 million in the serviced residence component of the Funan integrated development. This will be done through its serviced residence global fund with Qatar Investment Authority (QIA).

Of the S$170.3 million, the fund is acquiring the land …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes