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CHINA LOCKDOWNS

CLI, Frasers Hospitality don't see big hit to their businesses in Shenzhen

Spike in Covid-19 cases has prompted suspension of activities in China's tech hub

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Nisha Ramchandani
Fiona Lam

Nisha Ramchandani &

Fiona Lam

Published Thu, Mar 17, 2022 · 09:50 PM

    Singapore

    CapitaLand Investment (CLI) and Frasers Hospitality don't expect major impact to their businesses in Shenzhen after a spike in Covid-19 cases prompted the Chinese government to implement a lockdown of China's tech hub.

    CLI operates integrated development Raffles City Shenzhen - which features retail, office and hospitality components - as well as another office property and 2 lodging properties in the Chinese city. All in, there are 3 serviced apartments currently operating under the Ascott and Somerset brands. Four more serviced apartments are in the pipeline to open this year.

    CapitaLand Investmentfrasers propertyCovid-19

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