CapitaLand and Qatar Investment Authority Form JV Residence Fund
Singapore-based CapitaLand through its serviced residence business unit, The Ascott Ltd., entered into a 50:50 joint venture called Ascott Serviced Residence (Global) Fund Pte. Ltd. with the Qatar Investment Authority (QIA) to form a US$ 600 million serviced residence fund. Ascott Limited is one of the largest serviced residence owner-operators outside of the United States. The fund will initially focus on the Asia-Pacific and Europe regions. This is part of CapitaLand’s plans to expand its fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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