CapitaLand Ascott Trust to Divest The Robertson House for S$360 Million
CapitaLand Ascott Trust to Divest The Robertson House for S$360 Million
The hospitality REIT will sell the 336-unit property at approximately 4% above book value, unlocking capital for portfolio optimisation and future growth initiatives.
Transaction Overview
CapitaLand Ascott Trust (CLAS) has announced the divestment of
The Robertson House by The Crest Collection for
S$360 million.
Asset Profile
- Property: The Robertson House by The Crest Collection
- Location: Robertson Quay, Singapore
- Units: 336 Keys
- Sale Price: S$360 Million
- Premium: 4% Above Book Value
- Remaining Lease: Approximately 79 Years
Why This Deal Matters
The transaction demonstrates continued institutional demand for quality hospitality assets in Singapore’s prime central region.
Impact on CapitaLand Ascott Trust
- Capital recycling into higher-yielding assets.
- Improved portfolio performance.
- Debt reduction and stronger balance sheet.
- Greater flexibility for future acquisitions.
⭐ TopBroker Insight
The S$360 million divestment highlights the continued strength of Singapore’s hospitality investment market. Trophy assets in prime locations remain highly sought after by institutional and private capital, particularly as tourism, business travel and long-term accommodation demand continue to recover strongly.
