CapitaLand Ascott Trust (CLAS) is a stapled trust comprising:
that invests primarily in real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets in any country in the world.
As the largest hospitality trust in Asia-Pacific with an asset value of S$7.6 billion as at 30 June 2022, CapitaLand Ascott Trust’s portfolio comprises 95 properties with more than 17,000 units in 44 cities across 15 countries in Asia Pacific, Europe and the United States of America.
CapitaLand Ascott Trust’s properties are mostly operated under the Ascott, Somerset, Quest and Citadines brands.
The Trust is managed by:
The manager and trustee-manager are wholly owned subsidiaries of CapitaLand Investment (SGX:9CI).
Formerly known as Ascott Residence Trust, the Trust changed its name to CapitaLand Ascott Trust w.e.f. 30 September 2022.