Citadines

Ascott awarded contract to manage 2nd Citadines serviced residence in I’sia

CapitaLand's wholly-owned serviced residence business unit, The Ascott, said it has secured a contract to manage its second Citadines serviced residence in Indonesia. The contract was awarded by state-owned enterprise P-T Hutama Karya Persero. But it did not reveal to the value of the contract. Called Citadines Jakarta Rasuna, the 135-unit property is scheduled for completion by next year. It is...

Ascott opens new serviced residence in Tbilisi, Georgia

CapitaLand's wholly owned serviced residence unit, The Ascott, said it is making a foray into the Eastern European market. It's opening a property called Citadines Tbilisi Freedom Square in Tbilisi, Georgia. Ascott said the property is the first international serviced residence to operate in Georgia. It added that the property consolidates and strengthens Ascott's presence in Europe, where it already...

Ascott launches first Citadines serviced residence in Malaysia

CapitaLand's wholly-owned serviced residence business unit, The Ascott, has launched its first Citadines serviced residence in Malaysia. The property, called Citadines Kuching Uplands, is scheduled for completion by the first half of 2012. It is located in the Jalan Simpang Tiga area, which is set to be a hub for education and local federal government administration offices. With the latest launch,...

Ascott expands its Citadines brand to Jakarta

Serviced apartment operator Ascott Group, a wholly owned subsidiary of CapitaLand, has secured a contract to manage its first Citadines serviced residences in Jakarta. Citadines Jakarta, located in the central business district of Menteng, will have 120 residence units and is scheduled to open in the second half of 2010. The group said there are plans to add another 100 units in the future. Citadines is...

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