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