Ascott has expanded its portfolio of hotels in
England with the opening of the Citadines Islington London.
property was acquired in April 2016 through Ascott’s serviced
residence global fund with the Qatar Investment Authority.
The 108-unit serviced residence has been delivered
by privately held real estate investment firm Cain International.
It is located in Islington Square, a new multi-faceted destination
and heritage site that includes shops, residences, offices, an
upscale cinema, gym and more – all spaciously distributed across
newly formed ‘streets’ conceived by architect Piers Gough of CZWG.
Housed in an Edwardian building that was once a
Royal Mail Sorting Office, Citadines Islington London features
four stylish and contemporary apartment types.
Mr Lee Ngor Houai, Ascott’s
Managing Director for Europe, said, “Citadines is our fastest
growing brand globally, and this new opening is the latest
milestone in our expansion plans for Ascott. Ascott’s serviced
residences that cater primarily to the long-stay segment have
proven to be resilient amid the COVID19 situation. We have been
providing accommodation to healthcare workers and guests seeking
alternative work-from-home locations. We expect demand for
accommodation to pick up with gradual reopening of
London is a key area of development for the
group. The company has more than 900 units in London, which will
increase by a further 300 units when Ascott’s next property, the
Citadines Wembley London, opens next year. By 2023, Ascott plans
to add over 800 new units across Europe.