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Ascott ties up with developer Cebu Landmasters

Published Thu, Jul 26, 2018 · 09:50 PM
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Singapore

THE Ascott Limited has entered into a strategic alliance with a top Philippine real estate developer to manage 1,600 units in the country by 2022, the serviced residence owner-operator company said in a Singapore Exchange filing on Thursday.

Ascott, a wholly owned subsidiary of CapitaLand Limited, will work with Cebu Landmasters Inc (CLI) under the alliance to seek properties for CLI to develop into serviced residences to be managed by Ascott.

KEYWORDS IN THIS ARTICLE

CapitaLand
Serviced residences

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