Press Releases from CapitaLand Limited (27 total)
Ascott Residence Trust Clinches Fourth Student Accommodation Asset With Acquisit …
Ascott Residence Trust (ART) will acquire a freehold 548-bed student accommodation asset, named Seven07 in Champaign, Illinois, USA for US$83.25 million[1] (S$112.4 million[2]). Seven07 serves about 56,000 undergraduate and graduate students from the nearby University of Illinois Urbana-Champaign (UIUC). The yield-accretive acquisition is set to increase ART’s pro forma FY 2020 Distribution per Stapled Security by approximately 1.2%[3]. The entry EBITDA[4] yield is expected to be about 4.5% and is…
ASCOTT OPENS JAPAN’S FIRST LYF COLIVING PROPERTY IN THE VIBRANT FUKUOKA CITY
Singapore, 15 June 2021 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), will be opening lyf Tenjin Fukuoka, Ascott’s first lyf-branded coliving property in Japan on 16 June 2021. lyf Tenjin Fukuoka is the first of six lyf properties that are slated to open this year in Singapore, Hangzhou, Shanghai and Xi’an, as Ascott gears up to meet the strong demand by customers and property owners for…
CapitaLand continues portfolio reconstitution strategy by divesting three retail …
CapitaLand has divested three retail malls in Japan and an office building in Korea for a total of S$448.7 million as part of its ongoing portfolio reconstitution strategy. The buyers are unrelated third parties. The agreed value of the properties was arrived on a willing-buyer and willing-seller basis.
In Japan, CapitaLand has divested La Park Mizue and Vivit Minami-Funabashi in Greater Tokyo, as well as CO-OP Kobe…
ASCOTT ACHIEVES RECORD HIGH SIGNINGS OF OVER 5,600 UNITS IN CHINA TO DATE DESPIT …
CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott) has secured more than 2,100 new units across 12 properties in China in the last three months. With these new units, Ascott has added a record high of more than 5,600 units across 26 properties, which represent a 60% year-on-year growth in units in China. Globally, Ascott has sealed new contracts for more than 3,700 units across 22 properties; about…
ASCOTT STEPS UP EXPANSION IN SINGAPORE WITH FOUR PROPERTY OPENINGS BY END OF YEA …
Singapore, 2 September 2019 - CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is cementing its position as the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel in Singapore. Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott’s total portfolio in Singapore to 17 properties across…
ASCOTT EXPANDS GLOBAL PRESENCE WITH 26 NEW PROPERTIES ACROSS 11 COUNTRIES
CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is accelerating its growth globally with the signing of 26 properties with over 6,000 units across 22 cities and 11 countries. The properties, which will open in phases from 2019 to 2023, are mostly signed under management contracts, with three on franchise agreements.
To date this year, Ascott has signed contracts for over 40 properties with more than 8,000 units,…
ASCOTT WINS EUROPE’S LEADING SERVICED APARTMENT BRAND AT WORLD TRAVEL AWARDS 2 …
Accorded seven accolades including top awards across Belgium, Germany, Spain and Turkey
Singapore, 11 June 2019 – The Ascott Limited (Ascott) has won Europe’s Leading Serviced Apartment Brand 2019 for its Citadines properties for the fourth year running, along with six other awards at this year’s World Travel Awards.
The annual event, held on 8th June in Madeira, Portugal, recognises leadership and excellence across all sectors of the global travel and…
Ascott transforms digital ecosystem to support rapid expansion as global lodging …
Singapore, 23 April 2019 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is embarking on a digital ecosystem transformation to support its fast-expanding global lodging portfolio. Ascott aims to drive revenue growth, improve operational efficiency and enhance value to its customers and business partners through a comprehensive front-to-backend systems makeover. In addition to its launch of Ascott Star Rewards, the world’s first loyalty programme in the serviced…
ASCOTT UNVEILS CITADINES CONNECT BUSINESS HOTELS TO EXPAND SHORT-STAY OFFERINGS
A sub-brand of the established Citadines serviced residence brand, Citadines Connect business hotels with limited services cater to highly mobile, constantly connected travellers
Singapore, 27 March 2019 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has launched Citadines Connect, a line of business hotels with selected services, to widen its short-stay offerings as it continues to grow its portfolio. A sub-brand of Ascott’s well-established Citadines serviced residence brand,…
ASCOTT CROSSES 100,000 LODGING UNITS GLOBALLY WITH BUMPER SIGNING OF 26 PROPERTI …
Achieves consecutive year of record growth with entry into Netherlands
Singapore, 21 January 2019 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has secured contracts for another 26 properties with over 4,600 units across 18 cities and 11 countries. The new additions boost its portfolio to over 100,000 units. This marks a second consecutive year of record growth for Ascott with the addition of over 30,000 units across…
CapitaLand wins bid for prime mixed-use site in Guangzhou Science City for RMB88 …
Singapore, 12 November 2018 – CapitaLand has successfully clinched a prime mixed-use site in Guangzhou, China, for RMB882 million (about S$175.2 million). The 4.7-hectare greenfield site in Huangpu District – one of China’s wealthiest districts by GDP per capita – is located within Guangzhou Science City, a government-backed innovation and technology hub. The gross floor area (GFA) to be built on the site totals 142,107 square metres (sq…
CapitaLand acquires portfolio of 16 multifamily properties in the United States …
Acquisition marks the Group’s foray into multifamily asset class
Singapore, 18 September 2018 – CapitaLand, through its wholly owned international business unit CapitaLand International, has acquired a portfolio of 16 freehold multifamily properties1 for US$835 million (S$1.14 billion2) in the United States (U.S.). It marks the Group’s foray into the country’s multifamily asset class to ride on the growing demand for long-term rental housing. The portfolio comprises 3,787 apartment units, all…
ASCOTT SCALES UP LODGING BUSINESS WITH US$26-MILLION INVESTMENT IN INDONESIA’S …
Set to expand beyond serviced residences and apartments for corporate lease to advance in business hotel segment
Singapore, 17 September 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is advancing in the fast-growing middle-class business hotel segment by investing about US$26 million[1] for a 70% stake in Green Oak Hotel Management, the holding company for TAUZIA Hotel Management (TAUZIA). This is Ascott’s first major move…
ASCOTT OPENS TWO CITADINES APART’HOTELS IN VIETNAM – THE COUNTRY’S LARGEST …
Citadines Blue Cove Danang overlooking Danang Bay and Citadines Regency Saigon in Ho Chi Minh City’s business district increase Ascott’s operating properties to 12 across five cities in Vietnam
Singapore, 1 August 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has opened Vietnam’s largest serviced residence, Citadines Blue Cove Danang, and its fifth property in Ho Chi Minh City, Citadines Regency Saigon. Citadines Blue Cove Danang,…
ASCOTT GAINS ACCESS TO 1,600-UNIT PIPELINE IN THE PHILIPPINES THROUGH STRATEGIC …
Market leading expertise lauded with Ascott Makati set to receive world’s first serviced residence green certification from International Finance Corporation, a member of the World Bank Group
Singapore, 26 July 2018 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has boosted its leading position in the Philippines by entering a strategic alliance with one of the country’s top real estate developers, Cebu Landmasters Inc. (CLI), to…
ASCOTT WINS SIX ACCOLADES AT WORLD TRAVEL AWARDS EUROPE 2018 INCLUDING EUROPE’ …
Also crowned Europe’s Leading Serviced Apartments for the second consecutive year
Singapore, 2 July 2018 – The Ascott Limited (Ascott) has won a total of six awards at this year’s World Travel Awards for Europe, including the top accolade of Europe’s Leading Serviced Apartment Brand 2018 for its Citadines properties for the third year running, and Europe’s Leading Serviced Apartments for the second consecutive year. Ascott also won the Leading Serviced…
Ascott Propels Growth Of Citadines Brand In Singapore With Two New Properties In …
CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has stepped up its presence in Singapore by securing contracts to manage two properties strategically located in the Central Business District (CBD) and near the Ophir-Rochor Corridor, the city’s new growth area and extension of the CBD. Both properties will operate under the Citadines brand, Ascott’s fastest growing brand in Singapore and globally. The Citadines serviced residence in Raffles…
Ascott Acquires Freehold Hotel In Silicon Valley To Be Rebranded As Citadines Cu …
CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is investing S$81.5 million to acquire and refurbish The Domain Hotel, a freehold hotel in Silicon Valley, California, to capture the fast-growing demand from global technology companies and multinational corporations. The 136-unit hotel will continue to operate as it undergoes refurbishment in phases before being rebranded to Citadines Cupertino Sunnyvale in 4Q 2018. This will be Ascott’s second Citadines-branded…
For The Second Year Running, Citadines Awarded Europe’s Leading Serviced Apart …
Singapore, 5 October 2017 – The Ascott Limited (Ascott) won Europe's Leading Serviced Apartment Brand 2017 for its Citadines properties for the second year running, along with five other awards at this year’s World Travel Awards.
The annual event, held on 30 September this year in St Petersburg, Russia, recognises excellence across all sectors of the global travel and tourism industry, with Ascott, one of the world's largest international serviced…
ASCOTT BECOMES SINGAPORE’S LARGEST SERVICED RESIDENCE OPERATOR WITH S$170 MILL …
Over 20,000 units added to global portfolio year to date, outpacing full year 2016 growth by two-fold
Singapore, 4 August 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is investing S$170.3 million, through its serviced residence global fund with Qatar Investment Authority (QIA), in the serviced residence component of the Funan integrated development. Of the S$170.3 million, the fund is acquiring the land for the serviced…
Ascott Notches Up Business Transformation With Acquisition Of 80% Stake In Syner …
Second majority-stake acquisition within a month as Ascott gathers momentum to surpass global portfolio target of 80,000 units well ahead of 2020
Singapore, 24 July 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), is acquiring an 80% stake in Synergy Global Housing (Synergy), a leading accommodation provider in the U.S. The acquisition will expand Ascott’s footprint in the U.S. and strengthen its extensive range of international-class…
ASCOTT OPENS ITS FIRST CITADINES APART’HOTEL IN VIETNAM
Citadines Bayfront Nha Trang marks the entry of Ascott’s fastest growing brand and the only international-class serviced residence in the city
Singapore, 17 July 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has opened its first Citadines Apart’hotel in Vietnam and expanded its footprint to a key tourism hub, Nha Trang. Citadines Bayfront Nha Trang is the first international-class serviced residence in the coastal city. It…
Ascott's CEO Lee Chee Koon receives Business China Young Achiever Award for Asco …
SPEECH BY MR LEE CHEE KOON, CHIEF EXECUTIVE OFFICER OF THE ASCOTT LIMITED AT THE PRESENTATION CEREMONY OF BUSINESS CHINA AWARDS 2017 BY SINGAPORE’S PRIME MINISTER, LEE HSIEN LOONG, ON FRIDAY, 14 JULY 2017 AT 7 PM
Prime Minister Lee Hsien Loong,
Distinguished guests,
Ladies and Gentlemen.
1. When Xueling, the CEO of Business China, first contacted me, I thought she had wanted me to participate in some of the programmes organised by Business…
ASCOTT OPENS SEVENTH PROPERTY IN THE PHILIPPINES BRINGS CITADINES TO ANOTHER KEY …
To double presence with opening of nine more properties offering over 1,900 units across Metro Manila, Cebu and Iloilo
Singapore, 11 July 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), continues to expand its presence in the Philippines with the opening of its seventh property in the country – the 293-unit Citadines Millennium Ortigas Manila – and its first in Ortigas Center, a key central…
ASCOTT ACQUIRES MAJORITY STAKE IN QUEST APARTMENT HOTELS FOR A$180 MILLION TO BE …
On track to exceed 2020 target of 80,000 units globally as acquisition boosts portfolio by over 11,000 units
Singapore, 5 July 2017 – CapitaLand’s wholly owned serviced residence business, The Ascott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million). This will increase Ascott’s stake in Quest from its current 20% to 80%, propelling Ascott to become the largest serviced residence provider…
ASCOTT SURPASSES 100TH PROPERTY MILESTONE IN CHINA WITH SEVEN NEW PROPERTIES SEC …
On track to exceed its target of 80,000 units globally by 2020
Singapore, 27 June 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited, has clinched seven new contracts to manage over 1,300 apartments across six cities in China. These properties mark Ascott’s first foray into Kunming and Yichang while deepening its presence in Chongqing, Dalian, Shenzhen and Xuzhou. To date, Ascott has added more than 2,700 units…
ASCOTT OPENS FIRST PROPERTY ON JEJU ISLAND EXPANDS ITS NETWORK IN SOUTH KOREA
Somerset Jeju Shinhwa World set within an integrated resort comprising a theme park, gaming facilities, retail outlets and MICE facilities
Singapore, 12 April 2017 – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott) is opening Somerset Jeju Shinhwa World, its first property on Jeju Island on 25 April 2017. Somerset Jeju Shinhwa World marks Ascott’s fourth property in South Korea, expanding its network beyond Seoul and…
