Home THE DAILY EDGE Business The Ascott opens 3 new serviced apartments in China
The Ascott opens 3 new serviced apartments in China

Tags: Capitaland | The Ascott Group | The Ascott Limited

Written by The Edge   
Wednesday, 03 November 2010 13:22
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CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has opened three new serviced residence properties with over 600 apartment units in three cities across China. The 105-unit Somerset International Building Tianjin is Ascott’s latest acquisition through its private equity fund, Ascott China Fund. The 249-unit Citadines Zhuankou Wuhan is Ascott’s first property in Wuhan while the 251-unit Citadines Gaoxin Xi’an is one of the company’s four properties in Xi’an.

Somerset International Building Tianjin is located along Nanjing Road, Tianjin’s main commercial street in the heart of its central business district. Occupying the 27th to 36th floors of the landmark 37-storey Tianjin International Building, which comprises Grade A offices and retail outlets, the apartments offer panoramic views of the city’s beautiful skyline.

Citadines Zhuankou Wuhan is located within the Wuhan Economic and Development Zone, Hanyang, and a short walk to major commercial developments and offices. The property is part of a mixed development with restaurants and retail outlets. A wide range of amenities including shopping malls, supermarkets and food & beverage outlets are also located near the property.

Citadines Gaoxin Xi’an is situated in the centre of the Hi-Tech Development Zone and enjoys close proximity to commercial developments such as Pioneer Square, Hi- Tech International Business Center, Gao Ke Plaza and Sea Star Square. A variety of retail, dining and entertainment facilities are available at the Golden Eagle and Ginwa shopping malls which are a short walk away.

The two new Citadines-branded properties offer apartments ranging from studios to two-bedroom units and facilities including a gymnasium and steam and sauna room. In addition, a heated indoor swimming pool is available in Citadines Zhuankou Wuhan.

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Last Updated on Wednesday, 03 November 2010 13:23