Live Breaking News & Updates on Holborn Covent Garden London

Stay updated with breaking news from Holborn covent garden london. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

CAPITALAND ASCOTT TRUST PROPOSES S$530.8 MILLION ACQUISITION OF THREE LODGING ASSETS IN LONDON, DUBLIN AND JAKARTA

Proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS); Two existing CLAS properties in central Sydney and London to undergo asset enhancement initiatives (AEIs) with estimated yields on AEI cost of approximately 11% ; Property value of the two existing properties and new acquisition in London expected to increase by S$385.5 million after AEIs and stabilisation ....

City Of , United Kingdom , New South Wales , Temple Bar , Jakarta Raya , Serena Teo , Capitaland Ascott Trust , Ascott Limited , Temple Bar Hotel , Stapled Security , Land Ascott Trust , Cavendish London , Ascott Kuningan , Ascott Kuningan Jakarta , Crest Collection , Bar Hotel , Chief Executive Officer , Novotel Sydney Central , Citadines Holborn Covent Garden , Sydney Central , Citadines Holborn Covent Garden London , Holborn Covent Garden London ,

CapitaLand Ascott Trust proposes S$530.8 million acquisition of three lodging assets in London, Dublin and Jakarta

CapitaLand Ascott Trust (CLAS) has signed a Memorandum of Understanding (MOU) with its sponsor, The Ascott Limited (Ascott), for a proposedDPS-accretive acquisition of three lodging assets in the United Kingdom (UK), Ireland and Indonesia at an agreed property value of S$530.8 million. The three assets are a hotel in London, The Cavendish London; a hotel in Dublin, Temple Bar Hotel; and a serviced residence in Jakarta, Ascott Kuningan Jakarta. The acquisition will enable CLAS to enhance its income streams and capitalise on the travel recovery and robust lodging demand. ....

United Kingdom , Temple Bar , New South Wales , United States , City Of , Jakarta Raya , Serena Teo , Asia Pacific , Capitaland Investment , Temple Bar Hotel , Capitaland Investment Limited , Ascott Limited , Sgr Valuation Services Company , Capitaland Ascott Trust , Capitaland Group , Stapled Security , Cavendish London , Ascott Kuningan , Ascott Kuningan Jakarta , Crest Collection , Bar Hotel , Novotel Sydney Central , Citadines Holborn Covent Garden , Sydney Central , Chief Executive Officer , Citadines Holborn Covent Garden London ,