Ascott grows its presence in Asia

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Published on 04/12/14 - Updated on 17/03/22

Ascott Kuningan Jakarta

L'opérateur de résidences a annoncé l'ouverture d'un établissement à Jakarta, en Indonésie et le développement d'une unité à Hô-Chi-Minh-Ville, au Vietnam.

The Ascott Limited adds two new addresses to its Asian portfolio, the first of which is under the Ascott brand in Vietnam. The group, which is celebrating its thirtieth anniversary this year announced the signature of management  contract with Canh Hung Hai Thanh Corporation for the development of the Ascott Waterfront Saigon. Located in the center of Ho Chi Minh City, the 222 apartment residence should open its doors in 2016 and will be the group's 13th property in Vietnam, where it already has its Somerset brand. It will thus grow the number of apartments it operates in the country to 2,000.

The Ascott Limited also strengthened its presence on the Indonesian market with the opening, in October, of the Ascott Kuningan Jakarta in the capital. Developed in partnership with PT Ciputra Property Tbk, the property has 185 apartments in the city's Golden Triangle.

In 2014, Ascott added 25 properties and 4,500 apartments to its global network and opened 14 new residences for close to 2,000 units. Other properties should open by the end of the year such as the Somerset Vientiane residence in Laos, or the Citadines LiZhiWan Guangzhou and Somerset Grandview Shenzhen in China. The group continues to watch for opportunities to reach its goal of 80,000 apartments operating worldwide by 2020.

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