25 Aug 2022

Mapletree Investments Ptd Ltd’s sale of Oakwood Worldwide to The Ascott Limited

Partners Sandy Foo and Favian Tan from Rajah & Tann Singapore acted for Mapletree Investments Pte Ltd (“MIPL”) in its sale of Oakwood Worldwide, a premier global serviced apartment provider, to The Ascott Limited, a wholly owned lodging business unit of CapitaLand Investment Limited. Partner Benjamin Cheong advised MIPL on the intellectual property aspects of the transaction, and Partners Kala Anandarajah, Alvin Tan and Linda Qiao advised MIPL on the employment aspects of the transaction.