The Ascott, CapitaLand Investment’s (CLI) lodging business unit, announced it has expanded its portfolio of co-living properties under the lyf brand to a total of 17 properties with over 3,000 units in 13 cities and nine countries.
The expanded portfolio includes the newly opened lyf Mid-Town Hangzhou, Ascott’s first lyf-branded co-living property in China. It also secured a management contract for its second lyf property in Thailand, lyf Riverside Bangkok. This follows Ascott’s recent acquisition of its first lyf property in Europe, livelyfhere Gambetta Paris, through its private fund Ascott Serviced Residence Global Fund (ASRGF) in June.
The apartments, social spaces and experiential programmes at lyf properties are designed for guests to forge connections and to nurture a strong sense of community.