CapitaLand’s Ascott to buy prime Australian property for S$71 mil

SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

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BBCC draws in Japanese and Singaporean investors

KUALA LUMPUR (March 28): Despite the gloomy outlook on Malaysia’s economy, two major Japanese investors will invest substantially into the landmark redevelopment of Pudu Jail at Bukit Bintang here that is backed by the Employees Provident Fund (EPF).

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