Ascott lands contract to manage nine more properties in China
This marks a record year in China as it doubles number of units added in 2016
Singapore
THE Ascott has sealed contracts to manage nine properties with over 2,000 units in China, putting the service residence business unit of CapitaLand on track to achieve its global target portfolio of 80,000 units in 2018, two years ahead of schedule.
With these new properties, Ascott said on Thursday that it has also made inroads into new cities including Harbin and Zhuhai, and widened its presence in Chongqing, Foshan, Shanghai and Wuxi.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results