The Crest Collection launches with three properties in Paris
Ascott Reit completes $158 million(about 218 million Singapore dollars) acquisition of Sheraton in Tribeca, golden mile of New York.
With more than 13,000 apartment units in 73 properties across eight countries in Southeast Asia, over 30% of Ascott’s global footprint is now concentrated in this fast-growing region.
Ascott REIT sets foot on the American market with a real estate investment in the center of Manhattan costing 163.5 million dollars.
Ascott announced 40,000 apartment units around the world, thanks to Asian and Middle Eastern markets. The next goal is to double the portfolio by 2020.
The Ascott Limited (Ascott) has secured contracts to manage three more properties with over 300 apartment units in Beijing and Hong Kong.
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured a contract to manage its first Citadines Apart’hotel in South Korea.
Ascott has crossed its milestone of having 12,000 apartment units in China by securing contracts to manage five more properties.
The Ascott Limited has opened its first serviced residences in Hangzhou, China and Hamburg, Germany after opened its second premier Ascott-branded serviced residence in Jakarta, Indonesia.
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its first serviced residences in Hangzhou, China.
Mr Kevin Goh, Ascott s Managing Director for North Asia, said: "We are pleased that Ascott has crossed a milestone of having 10,000 apartment units in China and is on track to achieve 12,000 units by 2015. "
Ascott has signed a contract to manage its first Citadines-branded serviced residence in Hangzhou, eastern China
Ascott has continued its expansion in China, with the signing of management contracts for three new properties, including its first in Hefei, the capital of Anhui province.
The Ascott Limited (Ascott) has forayed into Saudi Arabia by securing a management contract for its first premier serviced residence in Riyadh.