CapitaLand Ascott Trust (CLAS) announces plans to purchase 3 properties in London, Dublin, and Jakarta, for a total of S$530.8 million, with the sale and purchase agreements expected to be signed at the end of November this year. The Singapore-based REIT signed a memorandum of understanding with its sponsor, The Ascott Ltd., to buy a hotel each in London and Dublin, while the purchase in Jakarta is a serviced residence. The purchase adds 551 keys to CLAS’ existing portfolio of over 19,000 keys across 15 countries. The Cavendish London Hotel boasts 230 keys, the largest in this portfolio purchase situated in the affluent Mayfair district.
