Lyf

Ascott and CLI fund C-WELL acquire Hotel G, to be converted to lyf Bugis

Is the co-living trend here to stay? Find out more in this week's cover story.

The acquisition follows the group’s signing of over 7,500 units in the 1HFY2022.

The acquisition of the freehold asset is made via Ascott’s private equity fund with Qatar Investment Authority.

CLI plans to have five more lyf properties by end of the year

The properties will encompass 3,000 units across 13 cities in nine countries.

Distributions will be payable on Feb 26.

This brings the total number of properties under lyf to 14.

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition

SINGAPORE (Apr 9): The Ascott Limited, CapitaLand’s lodging business unit, has won contracts to manage 14 properties with over 2,000 units in China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia.