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The company’s serviced residence arm, the Ascott, added over 5,300 units across the Americas, Asia, Europe and the Middle East from the January to June, bringing its serviced residence units to more than 47,000. It is poised to outpace its growth for the whole of 2015, when a total of 6,700 units was added to the portfolio.

 

 

As part of its capital management strategy during the first half, CapitaLand divested its 50% interest in CapitaGreen to CapitaLand Commercial Trust for a capital gain of SGD 318.3 million in May.

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