DOCSLIB.ORG

News Release Ascott Strengthens Its Leadership

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
News Release Ascott Strengthens Its Leadership NEWS RELEASE ASCOTT STRENGTHENS ITS LEADERSHIP POSITION IN MALAYSIA AND INDONESIA WITH TWO NEW MANAGEMENT CONTRACTS Singapore, 24 May 2011 - CapitaLand’s wholly-owned serviced residence T HE A S C O T T LIMITED business unit, The Ascott Limited (Ascott), has strengthened its leadership ( Regn. No: 197900881N ) N o 8 Shenton Way #13-01 position in Malaysia and Indonesia with two new management contracts in Singapore 068811 Petaling Jaya, Malaysia and Jakarta, Indonesia. The 200-unit Somerset Damansara Uptown Petaling Jaya and the 187-unit Somerset Kencana Telephone Jakarta are slated to open in 2016 and 2014 respectively. (65) 6220 8222 Facsimile (65) 6227 2220 Ascott’s entry into the fast-developing Damansara Uptown in Petaling Jaya www.the-ascott.com also extends the company’s footprint to a new city in Malaysia. With the addition of Somerset Damansara Uptown Petaling Jaya, Ascott remains the largest international serviced residence owner-operator in Malaysia with over 1,500 apartment units across 10 properties. Somerset Kencana Jakarta also reinforces Ascott’s leading position in Indonesia, with over 2,000 apartment units across 10 properties. Mr Alfred Ong, Ascott’s Managing Director for Southeast Asia and Australia, said: “As foreign investments continue to increase in Malaysia and Indonesia, we expect strong demand for our serviced residences. By securing our 10th property in each country, we are able to reap greater economies of scale and position Ascott for further growth in both countries. Somerset Damansara Uptown Petaling Jaya is in a prime commercial district while Somerset Kencana Jakarta is in a popular residential area for expatriates. For both areas, there is no serviced residence in the vicinity of SINGAPORE our new properties. To achieve our target of 14,000 apartment units in AUSTRALIA Southeast Asia and Australia, we will continue to look for growth opportunities in markets with strong potential for serviced residences.” BAHRAIN BELGIUM In addition to Somerset Damansara Uptown Petaling Jaya and Somerset CHINA Kencana Jakarta, Ascott has six new properties scheduled to open in FRANCE Malaysia and Indonesia over the next three years. In Malaysia, the GEORGIA properties to be opened are Citadines Uplands Kuching (opening in 2012), GERMANY Ascott Sentral Kuala Lumpur (2013) and Citadines D'Pulze Cyberjaya INDIA (2014). In Indonesia, the new properties slated to open are Citadines Rasuna INDONESI A Jakarta (2012), Citadines Kuta Bali (2012) and Ascott Kuningan Jakarta JAPAN (2013). MALAYSIA PHILIPPINES Somerset Damansara Uptown Petaling Jaya QATAR Somerset Damansara Uptown Petaling Jaya is located in Damansara’s main SOUTH KOREA commercial district. The new serviced residence will be part of an integrated SPAIN development that includes a 400,000 square feet retail mall and five THAILAND commercial towers housing multinational corporations such as Deloitte, UNITED ARAB EMIRATES UNITED KINGDOM 1 VIETNAM FedEx, L’Oreal, Lenovo, Symantec and Unisys. It is also close to Damansara Heights and Bandar Utama which are host to many Fortune 500 firms. The property will offer a range of furnished studios, one- and two-bedroom apartments with fully-equipped kitchens. Guests will be able to enjoy facilities such as a gymnasium, swimming pool, restaurant and sky lounge. Business travellers will be able to make use of the business centre and a conference hall which can accommodate up to 900 people. Somerset Kencana Jakarta Nestled in the upscale residential district of Pondok Indah, Somerset Kencana Jakarta is situated along the main arterial road of Jalan Sultan Iskandar Muda. The serviced residence will be close to large shopping complexes such as Pondok Indah Mall 1 & 2, home to anchor tenants like Sogo Department Store, a multiplex cinema, various dining outlets and upscale designer boutiques such as Versace, Aigner and Hugo Boss. The property is also within walking distance to the nearby office towers with many multinational companies such as DBS, Ericsson and Suzuki. Somerset Kencana Jakarta’s proximity to the British International School and Jakarta International School makes it an ideal serviced residence for families. The property will offer guests a choice of studios, one-, two- and three-bedroom apartments. Each furnished apartment comes with a fully-equipped kitchen and facilities include a swimming pool and a gymnasium. About The Ascott Limited The Ascott Limited is the world’s largest international serviced residence owner-operator with about 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 6,000 units which are under development, making a total of more than 27,000 units. The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across 20 countries, 14 of which are new cities in Ascott’s portfolio where its serviced residences are being developed. Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific’s first international-class serviced residence in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 27-year industry track record and serviced residence brands that enjoy recognition worldwide. Recent awards include DestinAsian Readers’ Choice Awards 2011 ‘Best Serviced Residence in Asia Pacific’, TTG China Travel Awards 2011 ‘Best Serviced Residence Operator in China', Business Traveller UK Awards 2010 ‘Best Serviced Apartment Company’, Business Traveller Asia-Pacific Awards 2010 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence in Asia-Pacific’ and TTG Travel Awards 2010 ‘Best Serviced Residence Operator’. 2 About CapitaLand Group CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company’s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe. The company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region. The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust. Issued by: The Ascott Limited Website: www.the-ascott.com 8 Shenton Way, #13-01, Singapore 068811 For more information, please contact: Joan Tan, Assistant Vice President, Corporate Communications Tel: (65) 6823 3282 HP: (65) 9743 9503 Email: [email protected] Ngeow Shang Lin, Executive Corporate Communications Tel: (65) 6500 3403 HP: (65) 9877 6305 Email: [email protected] 3.
Load more

Recommended publications
  • Epson E-Rewards National Day Promotion - Where to Buy (Retail Store) No Company Name State Region Address Tel 1 Achitec (Puchong) Sdn Bhd Selangor Central No
    Epson E-Rewards National Day Promotion - Where to buy (Retail Store) No Company Name State Region Address Tel 1 Achitec (Puchong) Sdn Bhd Selangor Central No. 35A, Jalan TK 1/11A, Taman Kinrara, Seksyen 1. Bt 7 ½, Jalan Puchong, 47100 Puchong, Selangor Malaysia - 2 Actscom Sdn Bhd Selangor Central 15, Jalan Jeloh 3, Off Jalan Bukit, 43000 Kajang, Selangor 03-8733 5930 / 03-8740 5930 3 All IT Hypermarket Sdn Bhd Selangor Central L1.05, Level 1, IPC Shopping Centre, No.2, Jalan PJU 7/2, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03-7725 2468 4 All IT Hypermarket Sdn Bhd Selangor Central Lot 221, 2nd Floor, The Curve, 58, Jalan PJU 7/2, Mutiara Damansara, 47800 Petaling Jaya, Selangor 03 7725 2468 5 All IT Hypermarket Sdn Bhd Selangor Central Lot L3-02, 3rd Floor, Shaw Centerpoint, Jalan Raja Hassan, 41000 Klang, Selangor 03 3345 2636 6 All IT Hypermarket Sdn Bhd Selangor Central Lot 3-01, 3rd Floor, Digital Mall, No.2, Jln 14/20 Sec 14, 46100 Petaling Jaya, Selangor 03 7958 2636 7 All IT Hypermarket Sdn Bhd Selangor Central Central i-City Mall, No. 1, i-City, Persiaran Multimedia, Seksyen 7, I-City, 40000 Shah Alam, Selangor, Malaysia 03-5523 7638 8 ALS Worldwide Enterprise Selangor Central No. 246, Jalan SS 9A/6, Sungai Way, 47300, Petaling Jaya, Selangor, 47300 Petaling Jaya 014-638 8282 9 AMT PC Distributors Sdn Bhd Selangor Central No. 16 & 18, Jalan Batai Laut 4,Kaw.16, Taman Intan,41300 Klang, Selangor D.E 03 - 3344 1124 10 Aone Plus Supplies & Services Sdn Bhd Selangor Central LOT 2-11&12, 2ND FLOOR DIGITAL MALL, NO 2, JALAN 14/20 SECTION 14, 46100, PETALING JAYA, SELANGOR 03-7957 7355 / 6355 11 Aone Plus Supplies & Services Sdn Bhd Selangor Central No.43A-4, Setia Avenue, Jalan Setia Prima S, U13S, Setia Alam, Seksyen U13, 40170 Shah Alam Selangor.
    [Show full text]
  • Hotel Investment Outlook 2020 2019 in Review
    Hotel Investment Outlook 2020 2019 in review Global hotel transaction volumes in 2019 reached US$66 billion, bolstered by a resilient global economy, strong employment markets and demand from domestic and international travelers. However, the length of the current market cycle, global trade tensions and the ongoing uncertainty surrounding Brexit gave investors cause to feel more cautious last year, which led to a six percent decrease in total hotel market liquidity compared with 2018. Factors that will influence investor behavior in 2020 • Stagnant economic growth: global GDP is expected to remain at 2.5 percent • Political fatigue: unrest in major parts of the world is making investors cautious • Global trade tensions: tariff uncertainty between major trading blocs and countries is unnerving investors • The epidemic risk of the coronavirus will impact travel volumes and, in turn, investor appetite 2 | Hotel Investment Outlook 2020 2020: optimistically cautious International, political and economic dynamics are unlikely to shift Transaction activity will be driven by significantly in 2020 and the global economy and real estate markets can • A record level of dry powder being raised expect slower growth as a result. The deal pipeline in 2020 is strong across and pressure to deploy capital in a low-yield all regions but the amount of capital available is unlikely to match the environment amount of stock and, consequently, pricing will remain tight this year. • New hotel buyers emerging in search of Global hotel liquidity is expected to decrease by approximately 10-15 attractive yield percent as investors adopt an optimistically cautious approach. Portfolio • Capital outflow from geopolitically challenged volumes will struggle to grow through 2020 but the single asset market will countries remain buoyant.
    [Show full text]
  • Factsheet Info
    Map Of Malaysia Map of Kuala Lumpur 10 minutes drive to KL city Map of Pedaling Jaya Location Map of 9 Bukit Utama BUKIT UTAMA NO.9 Project detail Condominium is strategically located in Bandar Utama Township at Petaling Jaya. Situated within a 9-hole golf course, surrounded by lush grenery and it is easily accessible via NKVE, LDP & sprint highway •Property Project : 9 Bukit Utama Condominium •Location : Bandar Utama, Petaling Jaya •Property Type : Condominium •Tenure : Freehold •Built-up Area : from 2,200 2,400 sq.ft. •Total Units : 991 •Developer : Bandar Utama Development Sdn Bhd BUKIT UTAMA NO.9 Project value •The project - which has an estimated gross development value of RM700 million • Sited on 20 acres along the Bukit Utama Golf Course in Bandar Utama - •Three-blocks, 41-storey condo containing 911 units with built-up areas from 2,200 2,400 sq ft •24 hours security system •Featuring four-plus-one bedrooms. About the Developer Paramount Malaysia (1963) Sdn. Berhad was incorporated in 1963 when the See Hoy Chan Sdn. Berhad Group expanded its business activities into property development. Since its inception more than 30 years ago, Paramount Malaysia has strived and maintained its continual commitment towards providing high quality living and business accommodation for the nation. Over the years, we have transformed what used to be rubber estates into thriving townships such as Paramount Garden, Taman Paramount, Taman Bahagia and Damansara Utama in Petaling Jaya, Selangor Darul Ehsan. These model townships consist of more than 6,000 units of houses, shops and offices, as well as schools and recreational parks.
    [Show full text]
  • ON Semiconductor Malaysia Sdn. Bhd
    Certificate No.: 117771CC5-2012-AQ-USA-IATF Rev. 2 Valid until: 08 July, 2018 – 07 July, 2021 IATF Certificate No.: 0314577 This is to certify that the management system of ON Semiconductor Malaysia Sdn. Bhd. Lot 122, Senawang Industrial Estate, Seremban, Negeri Sembilan, 70450 and, if applicable, the remote support locations as mentioned in the Appendix accompanying this Certificate has been found to conform to quality management system standard: IATF 16949:2016 This certificate is valid for the following Scope: DESIGN AND MANUFACTURE OF SEMICONDUCTORS Place and date: For the issuing office: Katy, TX. 25 September 2019 DNV GL - Business Assurance Katy, TX, USA Robert Kozak Management Representative Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid. ACCREDITED UNIT: DNV GL - Business Assurance, 1400 Ravello Drive, Katy, TX 77449. Tel.: 281-396-1000. www.dnvglcert.com Page 1 of 4 Certificate No.: 117771CC5-2012-AQ-USA-IATF Rev. 2 IATF Certificate No.: 0314577 Place and date: Katy, TX. 25 September 2019 Appendix to Certificate ON Semiconductor Malaysia Sdn. Bhd. Remote Support Locations included in the certification are as follows: Name Address RSL Activities Certification Body ON Semiconductor Bang Pa-In industrial Est (FZ) Product Design, Supplier DNV GL (Thailand) Co. Ltd. 605-606 Moo 2, T Klongjig Management Amphur Bang Pa-In, Thailand ON Semiconductor Room 1407-1409, 1502-1505, Customer Service, Sales, DNV GL (Shenzhen) Ltd. 1507-1515, 15/F, News Strategic Planning Building, No. 2, Shennan Rd., Mid, Shenzhen, China ON Semiconductor Tower 115, Pribinova 25, Product Design DNV GL Slovakia a.s.
    [Show full text]
  • Menara KPMG, 8, First Avenue, Bandar Utama, Petaling Jaya
    Menara KPMG, 8, First Avenue, Bandar Utama, Petaling Jaya View this office online at: https://www.newofficeasia.com/details/serviced-offices-menara-kpmg-8-first-a venue-bandar-utama-petaling-jaya Be a part of this fully integrated work space which promotes productivity and motivation through sharing and collaborating with like-minded professionals within a tastefully furnished working environment. The experienced reception team are ready and waiting to ensure that visitors, guests and delivery personnel are met with a friendly face and given what they need, whether that is a pointer in the right direction or receiving your post and deliveries. Companies based at this serviced office centre can fully utilise state-of-the-art conference rooms and chic lounge areas which are brimming with creativity and sophistication. Other options encompass 24/7 secure access, friendly administrative staff, housekeeping services and fast internet connections, creating a truly modern business centre. Transport links Nearest railway station: Bandar Utama MRT Station (182 metres) Nearest airport: Key features 24 hour access 24-hour security Administrative support Air conditioning Beverages Board room Car parking spaces Catering services available CCTV monitoring Close to railway station Comfortable lounge Company signage Furnished workspaces Hot desking Lift Meeting rooms Modern interiors Multilingual staff Office cleaning service On-site management support Open plan workstations Photocopying available Postal facilities/mail handling Reception staff VOIP telephony Wifi Wireless networking Location This complex inhabits an easily accessible area of Petaling Jaya, within walking distance of some popular eating places and convenient transport links. Not content with being a world-class business location, this centre also sits in a part of town that plays host to numerous options for relaxation and leisure.
    [Show full text]
  • 1Utama Website/Mobile App 2017 [Version 1] PRIVACY POLICY
    PRIVACY POLICY – 1 UTAMA WEBSITE/MOBILE APPLICATION This website/mobile device application (“the Website/Application”) is developed and maintained by BANDAR UTAMA CITY CENTRE SDN BHD (Company No. 322382-T) (“BUCC”) BUCC respects the privacy of individuals with regards to Personal Data. This privacy policy is prepared and formulated in accordance with the Personal Data Protection Act 2010 (“PDPA”). For the purpose of this privacy policy, “Personal Data” shall have the meaning as ascribed to in PDPA. Should there be any Personal Data collected or processed in connection with your use of the Website/Application, BUCC is committed to collecting and processing your personal data within the ambit of PDPA. This Privacy Policy governs only the Personal Data collected by us on or in connection with the Website/Application and does not cover any other information collected in any other manner or collected by any third party, unless specifically stated. Scope of PDPA PDPA primarily aims to regulate the collection, holding, processing and use of Personal Data in commercial transactions and also to prevent malicious use of personal information. This Act plays a crucial role in safeguarding the interest of individuals and makes it illegal for anyone, be it corporate entities or individuals, to sell personal information or allow such use of the data by third parties. PDPA only applies to the processing of personal data in respect of “commercial transactions”. A commercial transaction is widely defined as any transaction of a commercial nature, whether contractual or not which includes any matters relating to the supply or exchange of goods or services, agency, investments, financing, banking and insurance.
    [Show full text]
  • 9. Soalan Bertulis (161-172)
    PERTANYAAN-PERTANYAAN BERTULIS DARIPADA Y.B. TUAN ZAKARIA BIN HANAFI (N24 SEMENYIH) TAJUK : WIFI SELANGORKU 161. Bertanya kepada Y.A.B. Dato' Menteri Besar:- a) Nyatakan hot spot Wifi Selangorku secara terperinci di dalam kawasan DUN Semenyih. b) Apakah pelan tindakan Kerajaan Negeri mengatasi masalah Wifi Smart Selangor yang kebanyakannya gagal berfungsi? JAWAPAN: a) Terdapat sejumlah 50 unit AP terpasang untuk DUN Semenyih. Majoriti 64% adalah menggunakan backhaul berasaskan gentian optik komunikasi. Senarai seperti di bawah: NO LOKASI WIFI SMART SELANGOR BACKHAUL 1. Klinik Kesihatan Bandar Seri Putra Jalan Seri Putra 1/9 Bandar UNIFI Seri Putra 43000 Kajang Selangor 2. Surau Al-Mustaqim Apartment Vista Seri Putra Jalan Seri UNIFI Putra 2/3 Bandar Seri Putra 43000 Kajang Selangor 3. Dewan Serbaguna Seri Putra Apartment Vista Seri Putra Jalan UNIFI Seri Putra 2/3 Bandar Seri Putra 43000 Kajang Selangor 4. Lobby Clubhouse Apartment Vista Seri Putra Jalan Seri Putra UNIFI 2/3 Bandar Seri Putra 43000 Kajang Selangor 5. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 6. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 7. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 8. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor NO LOKASI WIFI SMART SELANGOR BACKHAUL 9. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 10. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 11. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 12. Kolej Vokasional Kajang Jalan Semenyih Taman Asa Jaya UNIFI 43000 Kajang Selangor 13.
    [Show full text]
  • Final PJ Case Study Highres
    KEMENTERIAN ALAM SEKITAR DAN AIR Ministry of Environment and Water CARDBOARD GLASS METAL PAPER PLASTIC USED BEVERAGE CARTONS The SEA circular project – Reducing marine litter by addressing the management of the plastic value chain in Southeast Asia is implemented by the United Nations Environment Programme (UNEP) Regional Office for Asia and the Pacific and the Coordinating Body on the Seas of East Asia (COBSEA), with funding support from the Government of Sweden. SEA circular aims to reduce and prevent plastic pollution and its impact by working with governments, businesses, civil society, academia, and international partners. The initiative promotes market-based solutions and enabling policies to transform plastic value-chain management, strengthens the science base for informed decision making, creates outreach and awareness. The project leverages COBSEA’s regional mechanism to tackle the transboundary challenge of marine litter in a harmonized manner. www.sea-circular.org Contact [email protected] Disclaimer The opinions expressed in this publication are those of the authors and contributors and do not necessarily represent the views of the United Nations or any of its affiliated organizations. The boundaries and names shown and the designations used in maps do not imply official endorsement or acceptance by the United Nations. Acknowledgment This case study was developed as part of the SEA circular and Malaysian Green Technology & Climate Change Centre project - ‘Reducing marine litter by addressing the (implementing body). management of the plastic value chain in Southeast Asia’ implemented by United Nations Environment The project was implemented by the Solid Waste Programme (UNEP) and Coordinating Body on the Seas of Management & Public Cleansing Department of the East Asia (COBSEA) with funding support from the Petaling Jaya City Council in collaboration with Nestlé Government of Sweden.
    [Show full text]
  • Siemens Malaysia
    The Company Unrestricted | © Siemens 2021 | June 2021 1816 – 1892 1866 Siemens innovations Company founder, The dynamo makes visionary and inventor electricity part of Milestones everyday life in a 173-year history 1847 1879 Pointer telegraph lays the World’s first foundation of Siemens as a electric railway global company Page 2 Unrestricted | © Siemens 2021 | June 2021 1925 1975 2010 2016 2019 Siemens electrifies Breakthrough of high- TIA Portal takes MindSphere, Launch of first project the Irish Free State voltage direct-current automation a stage the cloud-based IoT for Siemensstadt 2.0 with a hydroelectric (HVDC) transmission further operating system power plant 1959 1983 2012 2018 2020 SIMATIC First magnetic resonance Test operation of the Charter of Trust: a joint Comfy workplace app makes revolutionizes imaging scanner world‘s largest rotor for initiative for a secure it safe to return to the office automation offshore wind turbines digital world during the coronavirus pandemic Page 3 Unrestricted | © Siemens 2021 | June 2021 Page 4 Unrestricted | © Siemens 2021 | June 2021 Providing technology solutions to address the greatest challenges of our time Digital transformation of industry, Healthcare system infrastructure and mobility Energy transition Population Competitive Efficient Economic Increasing Distributed Aging society growth industries infrastructure growth demand energy systems / Climate change / Increase in chronic Sustainable use of Grid edge Productivity Prosperity decarbonization Personalized healthcare diseases resources
    [Show full text]
  • For Immediate Release NEWS RELEASE ASCOTT OPENS INTERNATIONAL SERVICED RESIDENCE in TBILISI, GEORGIA's CAPITAL CITY Citadines
    For Immediate Release NEWS RELEASE ASCOTT OPENS INTERNATIONAL SERVICED RESIDENCE IN TBILISI, GEORGIA’S CAPITAL CITY T H E A S C O T T L I M I T E D ( R e g n . N o : 1 9 7 9 0 0 8 8 1 N ) o Citadines Tbilisi Freedom Square marks Ascott’s entry into emerging N 8 Shenton Way #13-01 Singapore 068811 Eastern Europe market Telephone (65) 6220 8222 Singapore, 17 December 2009 – CapitaLand’s wholly owned serviced Facsimile residence business unit, The Ascott Limited (Ascott), marks its entry into (65) 6227 2220 the Eastern European market with the opening of Citadines Tbilisi www.the-ascott.com Freedom Square in Tbilisi, Georgia. The property is the first international serviced residence to open its doors in Georgia. It consolidates and strengthens Ascott’s presence in Europe, where it already operates over 5,000 serviced apartment units in 47 properties. Citadines Tbilisi Freedom Square is centrally located in the heart of Tbilisi at Freedom Square, a popular tourist attraction. It is strategically close to the National Museum of Georgia and a 10-minute walk from the recently- refurbished Old City with its old residential houses, numerous religious monuments and the ancient sulphur bath houses which are still operational. Cafes, restaurants and supermarkets are conveniently located within a short walking distance. S I N G A P O R E Mr Lim Ming Yan, Chief Executive Officer of The Ascott Limited, said: A US T R A L I A “Ascott is pleased to open Georgia’s first international serviced residence – B A H R A I N Citadines Tbilisi Freedom Square.
    [Show full text]
  • Damansara Utama: Baseline Study 2015: Version 3
    Australia 571 Queensberry St North Melbourne VIC 3051 +613 9329 9004 Malaysia (Trading as Perkhidmatan Perundingan Geografi Sdn Bhd) 18 Taman Berjaya, Pulau Tikus Penang 10350 +604 229 9004 [email protected] www.geografia.com.au Damansara Utama: Baseline Study 2015: Version 3 Prepared for Date YB Bee Yin Yeo 15 July 2015 Damansara Utama Headline Statistics No. Terrace No. Apartment Area No. Dwellings Houses Units 976ha 22,177 13,739 4,496 Residential Commercial Population Est. Local Jobs Landuse Landuse 63,442 382ha 74ha 8,500 Est. Residents with Population Density Open Space Length of Roads a Job 65/ha 46ha 236km 31,400 Ave People per % Open Space No. Education Community Dwelling (net) Institutes Halls 2.8 7.5% 16 3 1 Damansara Utama Baseline Study Contents Damansara Utama Headline Statistics ...................................................................................... 1 Executive Summary ...................................................................................................................... 3 1. Introduction ............................................................................................................................... 8 2. Policy Context ......................................................................................................................... 10 2.1 National Policies and Plans ........................................................................................ 10 2.2 State Policies and Plans .............................................................................................
    [Show full text]
  • News Release
    ` The Ascott Limited (Regn No: 197900881N) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 f (65) 6713 2121 www.the-ascott.com NEWS RELEASE ASCOTT AND ASCOTT RESIDENCE TRUST JOINTLY INVEST AND DEVELOP STUDENT ACCOMMODATION PROPERTY IN SOUTH CAROLINA, USA FOR US$109.9 MILLION The first of a pipeline of student accommodation assets under Ascott’s partnership with a leading student housing developer to accelerate growth in the USA Singapore, 16 June 2021 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott) and its hospitality trust, Ascott Residence Trust (ART), will jointly invest and develop a freehold student accommodation asset located in South Carolina, USA for an expected total amount of US$109.9 million1 (S$146.2 million2). The 678-bed student accommodation will serve over 35,000 undergraduate and graduate students from the nearby University of South Carolina (USC). Construction of the student accommodation asset is scheduled to start in 3Q 2021 and complete in 2Q 2023. At the initial stage, Ascott and ART will jointly invest in the asset to own 45% stake each. A third-party partner, which is a joint venture between one of the largest student housing developers in the USA and a large national real estate developer and contractor based in the USA, will own the remaining 10% stake for alignment of interest. When the property’s performance stabilises, Ascott and ART will acquire the remaining share from the third-party partner. Ascott has separately formed a partnership with the student housing developer to invest and develop more student accommodation properties in the USA.
    [Show full text]