Temasek RE Unit Joins With Oakwood On Corporate Apt. JV

Law360, New York (April 30, 2014, 1:27 PM EDT) -- Real estate developer and investor Mapletree Investments Pte. Ltd., owned by Singapore sovereign wealth fund Temasek Holdings Pte. Ltd., has teamed up with Los Angeles-based Oakwood Worldwide to launch a joint venture that will buy and develop corporate or serviced apartments worldwide, the companies said Wednesday.

Mapletree and Oakwood Worldwide will form a joint venture that is expected to open more than 100 new properties over the next five years, the companies said.

Additionally, Mapletree will snatch up a 49 percent stake in Oakwood Asia Pacific...
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