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- 1. Ascott to Double Asset Size of Ascott Residence Trust to S$2.85 Billion
Ascott to Double Asset Size of Ascott Residence Trust to S$2.85 Billion. Ascott has, through its subsidiaries, entered into conditional sale and purchase agreements to divest 28 of its serviced residence properties to Ascott Residence Trust (Ascott Reit) for a sale consideration of S$969.6 million. The divestment consists of 26 serviced residences in Europe and one property each in
- 2. Ascott signs Serviced Apartments in Kuala Lumpur Sentral
Ascott signs Serviced Apartments in Kuala Lumpur Sentral. With the addition of Ascott Sentral Kuala Lumpur, Ascott has a total of 953 apartment units across eight properties in Malaysia. Ascott Sentral Kuala Lumpur is the second Ascott-branded property in the country, after Ascott Kuala Lumpur which opened in 1999. The company has five other properties in Kuala Lumpur - Somerset Se
- 3. Ascott Celebrates 25th Anniversary by Making a Difference
Ascott Celebrates 25th Anniversary by Making a Difference. Ascott launched its serviced residence business with one property each in Singapore (The Ascott Singapore) and France (Citadines La Défense) in 1984. Ascott has since grown to be one of the world’s largest international serviced residence owner-operators with 190 properties spread over three brands – Ascott, Somerset and Ci
- 4. Ascott Signs Premium Serviced Apartments in Dubai
Ascott Signs Premium Serviced Apartments in Dubai. Ascott is expanding its portfolio in the United Arab Emirates through a management contract for the 118-unit Ascott Park Place Dubai. Ascott will operate the property from 1 October 2010 and rebrand it as Ascott Park Place Dubai by the end of 2010 upon completion of some upgrading works.
- 5. Ascott Opens Two More Properties in China
Ascott Opens Two More Properties in China. Ascott has opened two new serviced residence properties in Shenzhen and Shenyang. The 199-unit Ascott Maillen Shenzhen is the first Ascott-branded property in Shenzhen while the 270-unit Somerset Heping Shenyang is Ascott’s first property in Shenyang.
- 6. Ascott Targets 40,000 Apartments by 2015
Ascott Targets 40,000 Apartments by 2015. Ascott is planning to grow its global portfolio to 40,000 apartment units from the current 26,000 by 2015. Its global expansion plans were unveiled at the launch of the 278-unit Ascott Huai Hai Road Shanghai. The company has also secured contracts to manage four premier Ascott-branded properties with over 800 apartment units across four cit
- 7. Ascott Raffles City Beijing Opens with RMB 888 Promotion
Ascott Raffles City Beijing Opens with RMB 888 Promotion. Ascott has opened its fifth serviced residence in Beijing - the Ascott Raffles City Beijing. This is the first time an Ascott serviced residence has partnered with a Raffles City. Raffles City is an iconic integrated lifestyle development comprising a retail mall, an office tower and a serviced residence owned by CapitaLand.
- 8. Ascott Signs Four New Serviced Residences in China
Ascott has signed four new management contracts with 583 serviced residence units in China. Two of the properties are located in Shanghai and one each in Beijing and Dalian. Ascott Beijing (opening 2016), Citadines Jinxiu Shanghai (opening 2019) and Citadines Putuo Shanghai (opening 2019) will boost Ascott’s portfolio to 11 properties in Beijing and 7 properties in Shanghai. Ascott
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