GOCO Hospitality and Fullerton Fund Management collaborate on wellness investment, reveals Ingo Schweder
GOCO has announced a new collaboration with Singapore-based investment firm Fullerton Fund Management to buy and manage wellness assets. GOCO expects to deploy investment capital from Fullerton over the next 18 to 24 months, focusing on acquiring strategic assets in the Asia-Pacific region.
GOCO founder and CEO Ingo Schweder mentioned that the collaboration with Fullerton corroborates the increasing interest and demand in wellness-focused hospitality developments, as supported by the Global Wellness Institute’s latest report which states that the global wellness economy was worth US$5.61 trillion (£4.4 trillion, €5.2 trillion) in 2022 and is projected to reach US$8.47 trillion (£6.7 trillion, €7.8 trillion) by 2027.
