CapitaLand's The Ascott acquires 2 properties for S$190 million
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Singapore
CAPITALAND Investment's wholly-owned lodging business unit The Ascott Limited has acquired 2 properties for a total of S$190 million through Ascott Serviced Residence Global Fund (ASRGF), its private equity fund with Qatar Investment Authority.
In a press statement on Wednesday (Mar 23), The Ascott said this will bring its total funds under management (FUM) to S$9 billion.
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