CapitaLand's Ascott partners Qatar Investment for $600m fund

CapitaLand's Ascott partners Qatar Investment for $600m fund

Ascott Raffles Place Singapore

The Ascott Limited, the wholly owned serviced residence business unit of CapitaLand, Monday said it had entered into a 50:50 joint venture with the Qatar Investment Authority (QIA) to set up a $600 million (approximately S$809 million) serviced residence fund, with an initial focus on the Asia Pacific and Europe regions.

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