Ascott has signed contracts to manage two more
properties in China.
The 181-unit Ascott Financial City Chengdu,
which is the first premier Ascott-branded serviced residence in
Chengdu, is slated to open in 2014, while the 187-unit Somerset Wangjing
Beijing is scheduled to open in 2013.
With the latest additions, Ascott is
on track to achieve 12,000 apartment units in the country by
Mr Lee Chee Koon, Ascott’s Managing Director for North
Asia, said, “We are pleased to secure two more management
contracts which add over 360 apartment units to our portfolio.
Ascott will now have around 7,000 apartment units in 38
serviced residences across 16 cities in China. Our quick
expansion in China demonstrates the importance of the country as a
key growth market for us and our strong confidence in its future
development. We will continue to tap on more opportunities in
tier-1 cities like Beijing where we still see abundant demand
for international serviced residences from business travellers
and tourists. In the mean time, we are deepening our presence
in high growth cities such as Chengdu where foreign direct
investment and tourism are expected to increase exponentially
in the next few years.”
Financial City Chengdu is part of the landmark 58-storey Chengdu
Financial City twin-tower development comprising Grade A offices
and entertainment facilities.
Located within New South Area,
which is the up and coming business centre of Chengdu, the
serviced residence will be surrounded by commercial
developments such as Chengdu Financial Center and Tianfu
Software Park, and the offices of many multinational companies
including IBM, SAP and Symantec.
Within walking distance are the
Chengdu Ocean Park, Chengdu Opera House, Chengdu International
Exhibition & Convention Center, shopping malls such as IKEA and
GTC, and international schools.
The property will be linked to
a Metro station, providing convenient access to various
destinations in the city including the Shuangliu International
Travellers will be able to
choose from a range of studios to four-bedroom apartments to
suit their lifestyle needs. Facilities include a swimming pool,
gymnasium, spa, sauna, children’s playroom, business centre,
meeting room and reading lounge.
Somerset Wangjing Beijing is located in the bustling Wangjing business area within the Chaoyang District.
as Beijing’s second central business district, Wangjing is home
to the China headquarters of many multinational companies
including Daimler, Siemens and Caterpillar. Many Grade A office
towers and commercial buildings will be developed to attract
more corporations to set up offices in Wangjing.
serviced residence will offer studios, one, two and
Residents will be able to enjoy facilities such
as a gymnasium, swimming pool, business centre and meeting
room. They will also be able to travel easily throughout the city
with the Metro station located right next to the serviced
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