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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

Published Wed, Aug 27, 2014 · 10:00 PM
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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 a modern serviced residence.

The property, to…

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