Ascott QIA invests A$202 million in Sydney
September 27, 2019 (Qatar)
A recent article on IPE Real Assets reported that an unlisted fund jointly controlled by Singapore-based The Ascott and the Qatar Investment Authority (QIA), is investing A$202 million in a 48-storey integrated development, which will include office and retail components and be the tallest tower in North Sydney, Australia on completion in 2021. The fund was launched as a 50-50 joint venture between the two investors with a setup capital of US$600 million. The article went on to note that with this latest acquisition, the fund, has now invested in assets valued at approximately S$849 million in key markets including Singapore, Paris, and London.
Read the original article on IPE Real Assets: Ascott and QIA global hospitality fund invests in Sydney serviced residence