Paris Property

Ascott acquires prime properties in Paris

CapitaLand's wholly-owned subsidiary, The Ascott, has acquired prime properties in Paris, France for 65 million euros or about S$118.4 million. It has acquired 100 per cent shareholding in SNC Costes K, which owns the prime Hotel K, and an adjacent vacant residential property in Paris. After the acquisition is completed, Ascott will combine and transform the freehold properties into a premium serviced...

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