Ascott to open first Citadines serviced residence in Melbourne

The Ascott has invested A$168 million to develop its first Citadines serviced residence in Melbourne.

Comprising 380 units, the new Citadines Melbourne on Bourke will be the company’s largest Citadines-branded serviced residence in its global network.

The launch of Citadines Melbourne further reinforces Ascott’s foothold in Australia.

It currently has a total of 884 apartment units in eight properties across four Australian cities.

Ascott is wholly-owned by CapitaLand.

Source : Channel NewsAsia – 1 Jul 2010

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