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Ascott forms alliance to deepen China presence

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Ascott and Dongfu Investment will kick off the alliance with a management contract for the 148-unit Citadines Guoxitai Xi'an, which is slated to open in 2018.

Singapore

CAPITALAND'S serviced residence business unit, The Ascott, has formed a strategic alliance with Dongfu Investment Development Corporation as it deepens its presence in China.

The partnership will allow Ascott to have the first right to manage apartments currently under

sentifi.com

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