CapitaLand Ascott Trust Completes Acquisition of Victory SR Trust

MT Newswires

2024/12/31

CapitaLand Ascott Trust (SGX:HMN) completed the acquisition of 100% of the issued units in Victory SR Trust which owns lyf Funan Singapore, according to a filing with the Singapore Exchange on Tuesday.

Total consideration paid for the acquisition was around SG$146.4 million.

lyf Funan is a 329 room hotel with a gross floor area of 11,347.4 square meter.

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