Ascott

Broker's Calls

Ascott on track to exceed 80,000 units in global portfolio by 2020

SINGAPORE (July 10): CapitaLand recently announced that its serviced residence segment, The Ascott, will acquire for A$180 million ($191 million) an additional 60% stake in Quest Apartment Hotels.

Property

Ascott acquires hotel on New York’s Fifth Avenue for $68 mil

SINGAPORE (May 5): The Ascott Limited, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.

CapitaLand may be rising, but here’s why it is still not time to ‘buy’

SINGAPORE (March 1): RHB is remaining “neutral” on CapitaLand while raising its target price to $3.60 from $3.15 previously, as it expects limited upside on the stock following the run-up in its share price, which has increased by about 20% in the yea

CapitaLand in alleged lease dispute with UK art gallery

SINGAPORE (Jan 4): Franses Gallery, a London-based UK art gallery, says it is currently in the midst of a “bitter [court] dispute” with CapitaLand over a new 15-year lease of purpose-built premises within the Singapore-listed property developer’s As
Temple Bar Hotel

CapitaLand’s Ascott acquires Dublin hotel for $83.6 mil

SINGAPORE (Dec 16): CapitaLand on Friday announced that wholly-owned serviced residence business unit The Ascott has acquired Temple Bar Hotel in Ireland capital Dublin for 55.1 million euro ($83.6 million).
Ascott

CapitaLand’s Ascott to buy prime Australian property for $71 mil

SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million ($71 million) as part of its partnership with Australian-based apartment
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