News: CapitaLand Ascott Residence Asia Fund II a fund managed by CapitaLand Investment Limited and its co-investors acquired Prime mixed-used asset in Shinjuku, Tokyo for ¥30 billion.
Tokyo, Japan (Press Release) -- CapitaLand Ascott Residence Asia Fund II a fund managed by CapitaLand Investment Limited (SGX:9CI) and its co-investors acquired Prime mixed-used asset in Shinjuku, Tokyo for ¥30 billion on June 9, 2025.
The prime mixed-used asset is in Shinjuku, one of Tokyo's most popular shopping, entertainment and business districts. It currently comprises hotel, residential, as well as ancillary office and retail components. The hotel and residential components will be upgraded and converted into a serviced residence, with improved amenities to enhance guests? experience and uplift the property's profitability and value. Ascott will manage the 179-unit serviced residence. The property will be rebranded as Citadines Shinjuku Tower Tokyo and is set to be launched in phases from 2H 2026.
CapitaLand Ascott Residence Asia Fund II a fund managed by CapitaLand Investment Limited (SGX:9CI) and its co-investors acquired Prime mixed-used asset in Shinjuku, Tokyo on June 9, 2025.
Source: Press Release
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