The Ascott to open second Citadines property in Japan

CapitaLand’s wholly-owned serviced residence business unit The Ascott will open its second Citadines property in Japan on March 8.

The new Citadines Kyoto Karasuma-Gojo follows the successful opening of Ascott’s first Citadines serviced residence in Japan, the Citadines Tokyo Shinjuku, in March last year.

The 124-unit serviced residence is a short walk from Kyoto’s business district and tourist belt, including UNESCO World Heritage sites such as the Kiyomizu and Toji temples.

With this new property, Ascott’s portfolio in Japan stands at over 3,800 apartment units in 53 properties across 10 cities, including Tokyo, Kyoto, Kobe and Hiroshima.

Source : Channel NewsAsia – 4 Mar 2010

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