The asset will be refurbished into a 140-unit coliving property under Ascott’s lyf brand. Named lyf Ginza Tokyo, this will be Ascott’s first lyf property in the city.
The Ascott Limited, CapitaLand Investment’s (CLI) wholly-owned lodging unit, is acquiring a freehold asset in Tokyo via the Ascott Serviced Residence Global Fund (ASRGF).
The ASRGF is Ascott’s private equity fund with Qatar Investment Authority.
