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The Ascott Limited acquires first lyf asset in Tokyo via its serviced residence global fund

Felicia Tan
Felicia Tan8/4/2022 08:13 AM GMT+08  • 3 min read
The Ascott Limited acquires first lyf asset in Tokyo via its serviced residence global fund
lyf Ginza Tokyo. Photo: The Ascott Limited
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The Ascott Limited, CapitaLand Investment’s (CLI) wholly-owned lodging unit, is acquiring a freehold asset in Tokyo via the Ascott Serviced Residence Global Fund (ASRGF).

The ASRGF is Ascott’s private equity fund with Qatar Investment Authority.

The asset will be refurbished into a 140-unit coliving property under Ascott’s lyf brand. Named lyf Ginza Tokyo, this will be Ascott’s first lyf property in the city.

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