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The Ascott Limited's Citadines Walker opens with 252 keys in North Sydney

The latest offering from The Ascott Limited Australia, (Ascott Australia) Citadines Walker boasts the highest room count in North Sydney, offering 252 rooms across 19 levels inside the now complete 88 Walker St development, which stands as the tallest tower in North Sydney. ....

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Ascott Acquires First lyf Coliving Property in Sydney Through Its Serviced Residence Global Fund

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring its first lyf-branded coliving property in Sydney, Australia. The acquisition of the freehold asset is made via the Ascott Serviced Residence Global Fund (ASRGF)1, Ascott’s private equity fund with Qatar Investment Authority. This is ASRGF’s third investment in 2022, following the acquisition of Somerset Hangzhou Bay Ningbo and Citadines Canal Amsterdam in March 2022. To date, ASRGF has invested in 12 properties for close to US$500 million. ASRGF has since divested its first property at returns that outperformed its expected underwriting. ....

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