About CapitaLand Ascott Trust (CLAS)
CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific, with an asset value of S$8.7 billion as of 31 December 2023.
Investment Objective
CLAS focuses on investing in income-producing real estate and related assets, primarily in:
- Serviced residences
- Rental housing properties
- Student accommodation
- Other hospitality assets
Portfolio Overview
As of 31 December 2023, CLAS holds:
- 106 properties across 45 cities
- 19,000+ units in 16 countries
- Key markets in Asia Pacific, Europe, and the USA
Brands & Locations
CLAS operates under renowned brands including:
- Ascott
- Somerset
- Quest
- Citadines
Properties are strategically located in major gateway cities such as:
- Singapore, Tokyo, Seoul
- London, Paris, Berlin
- New York, Melbourne, Sydney
- Hanoi, Jakarta, Kuala Lumpur
Corporate Structure
CLAS is a stapled group comprising:
- CapitaLand Ascott REIT (Real Estate Investment Trust)
- CapitaLand Ascott BT (Business Trust)
Management & Ownership
Managed by wholly owned subsidiaries of CapitaLand Investment Limited, a leading global real estate investment manager listed on the Singapore Exchange.