To be named Citadines Walker North Sydney, the serviced residence is part of a 48-storey integrated development, which also includes office and retail components.
SINGAPORE (Sept 27): Ascott, the lodging business wholly owned by CapitaLand, is investing $192 million in a freehold serviced residence in the central business district of North Sydney.
The acquisition is through the Ascott Serviced Residence Global Fund (ASRGF), the company’s global US$600 million ($833 million) fund that was set up in 2015 through a 50:50 joint venture with Qatar Investment Authority (QIA).
