CapitaLand unit in JV with Qatar wealth fund for $600 mln fund

July 12, 2015 11:11 PM

41 0

SINGAPORE, July 13 Singapore's CapitaLand said its serviced residence business unit, The Ascott Ltd, entered into a joint venture with Qatar Investment Authority to set up a $600 million serviced residence fund with an initial focus on Asia Pacific and Europe.

The 50-50 tie up with the Gulf Arab state's sovereign wealth fund is part of CapitaLand's target to launch six new funds with total assets under management (AUM) of up to S$10 billion ($7.4 billion) by 2020, it said.

Also read: AT&T CEO Says Time Warner Deal Not About Raising Prices

Read more

To category page