Serviced residence specialist The Ascott Limited has expanded its presence in Germany with a EUR 28 mln investment in Frankfurt. Ascott, a wholly owned unit of Singapore-listed CapitalLand, announced on Wednesday that it is acquiring a turnkey serviced residence property which is scheduled to open in 2014.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
