Ascott adds Africa to portfolio following S America addition in April
The serviced residence unit of CapitaLand has secured contracts to manage two properties in Accra, the capital of Ghana, in what has been a record year of growth as the company added 18 new cities across nine countries and added over 21,000 units to its portfolio. Following the latest acquisition, it now has 69,464 units.
Keppel-KBS US Reit rides positive office market dynamics
The Reit, which listed on the Singapore Exchange (SGX) main board on Nov 9, 2017, is the second US-focused office Reit on SGX.
It has an initial portfolio of 11 freehold office properties in seven key growth markets in the US, with an aggregate net lettable area (NLA) of over 3.2 million sq ft, and an appraised value of nearly US$830 million.
The properties comprise central business district (CBD) and suburban office buildings located in …