This is the fund’s third investment in 2022, following the acquisition of Somerset Hangzhou Bay Ningbo and Citadines Canal Amsterdam in March.
The Ascott Limited, CapitaLand Investment’s (CLI) wholly-owned lodging business unit, is acquiring its first lyf-branded co-living property in Sydney, Australia.
The acquisition of the freehold asset is made via the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority.
