Wednesday, July 06, 2022

Ascott Acquires Oakwood Worldwide To Fast-track Growth To Over 150,000 Units Globally

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. 

The acquisition increases Ascott’s global portfolio by 81 properties and about 15,000 units. Oakwood’s approximately 8,500 operational units are expected to immediately contribute to Ascott’s recurring fee income streams upon completion of the transaction slated in 3Q 2022. 

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UK: New EU rules for pet travel for GB residents (The changes apply to non-commercial movements of dogs, cats and ferrets)

From Wednesday 22 April new EU rules have come into effect covering how GB residents can travel to the EU with their pets. People can still ...