It’s time once again for corporate updates from three companies — a real estate investment manager, a growth company in the technology field, and a REIT.
CapitaLand Investment (SGX: 9CI)
CapitaLand Investment, or CLI, has seen its shares surge since its debut on 20 September.
On Tuesday, the group announced that its wholly-owned lodging unit, The Ascott, has formed a strategic partnership with Sun Group, one of Vietnam’s largest real estate developers.
Together, they will manage one of Vietnam’s largest serviced residence integrated development — Tay Ho View Complex in Hanoi.
For context, Ascott will manage 1,905 units across three distinct brands — The Crest Collection (28 units), Ascott the Residence (1,167 units), and Citadines Apart’hotel (710 units).
These three serviced residences are slated to open in phases from the first quarter of 2023.
Facilities in all three properties include residents’ lounges, a reading room, and a gymnasium, and residents will also have access to high-end, Michelin-starred restaurants....
