Aspen Vision City


Aspen signs management agreement, MoUs with Mariott International

SINGAPORE (Feb 4): Aspen Group’s joint venture (JV) with IKEA Southeast Asia, Aspen Vision City, on Saturday signed a management agreement with Mariott International to operate the Aloft Penang Batu Kawan hotel when it opens in Penang, Malaysia, in 2023

Deals, joint ventures & alliances

Marriott's Aloft Hotels appointed hotel operator for Aspen Vision City

SINGAPORE (Nov 22): Aspen Group and its joint venture (JV) partner IKEA Southeast Asia have inked a memorandum of understanding with Marriott International, appointing Aloft Hotels as the hotel operator for Aspen Vision City.

Broker's Calls

Development of eco-city in Penang to benefit Aspen

SINGAPORE (Sept 19): OCBC likes developer Aspen for its ongoing property projects which are expected to contribute to an improvement of its development income.

Aspen Group awards Vertu Resort contract to Kerjaya Prospek Group

SINGAPORE (Aug 17): Aspen Vision City, the joint venture company of Aspen Group and IKEA Southeast Asia, has awarded the main construction of Vertu Resort in Penang to Kerjaya Prospek.

In print this week

Malaysian developer Aspen seeking funds to acquire additional land bank

(Jul 24): Malaysian property developer Aspen (Group) Holdings is seeking a listing on the Catalist board of the Singapore Exchange, selling 173.3 million shares at 23 cents each to raise net proceeds of $36.7 million. It is the second loss-making develope