Ascott and CapitaLand Wellness Fund Acquire Lodging Property in Singapore to Be Relaunched Under the Award-Winning lyf Brand

CapitaLand Investment Limited | January 9, 2024

Singapore, 9 January 2024 – The Ascott Limited (Ascott), a lodging business unit wholly owned by CapitaLand Investment (CLI) and CapitaLand Wellness Fund(C-WELL), have jointly acquired a freehold lodging property in Singapore.  Ascott and C-WELL each holds a 50% stake in the lodging property. This is C-WELL’s first acquisition since announcing its first close in end-October 2023.  C-WELL is CLI’s inaugural wellness and healthcare-related real estate fund anchored in Southeast Asia.  The value-add fund will focus initially on Singapore, Thailand and Malaysia.  With a target fund size of S$1 billion on an upsized option, C-WELL wil...