Mapletree, a leading real estate development, investment and capital management company, has acquired all of Oakwood Worldwide’s global operations and appointed Christopher Ahearn as Oakwood’s Chief Executive Officer, as part of its long-term strategy to strengthen its corporate housing and serviced apartment business.
All of Mapletree’s nine corporate housing and serviced apartment assets in the US and Australia have been managed under the Oakwood brand since 2014, and the collaboration also saw Mapletree acquire a 49% stake in Oakwood Asia Pacific.
Oakwood is the largest provider of corporate housing and serviced apartments globally with a presence in more than 95 countries, managing a portfolio of more than 50 branded properties globally. Mapletree is currently developing three serviced apartment properties in Japan and Vietnam and one in the US, which will be managed by Oakwood Worldwide upon completion.
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