Citadines

The 108-unit serviced residence is housed in an Edwardian building, and is located in London's Islington Square.

By a stroke of good fortune, coincidence or foresight, Ascott Residence Trust (ART) signed an agreement to divest of Citadines Xinghai Suzhou and Citadines Zhuankou Wuhan at a price more than 30% above their combined property book values representing net

Ascott is operating the property through a master lease agreement with Toshin Development Company, a subsidiary of departmental store giant Takashimaya Group.

SINGAPORE (Sept 2): Ascott Limited, CapitaLand’s wholly-owned lodging business unit, is about to be 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 bus

SINGAPORE (Jan 21): CapitaLand’s wholly-owned lodging business unit, The Ascott Limited, has secured contracts for another 26 properties with more than 4,600 units across 18 cities and 11 countries.

SINGAPORE (July 26): CapitaLand’s wholly-owned service residence business unit, The Ascott Limited, has entered into a strategic alliance with Filipino developer Cebu Landmasters to manage a total of 1,600 units by 2022.

SINGAPORE (Oct 30): The Ascott Limited, CapitaLand’s serviced residence business unit, has secured contracts to manage two properties in the CBD and near the Ophir-Rochor Corridor.

SINGAPORE (April 4): CapitaLand’s wholly-owned serviced residences business unit, The Ascott Limited, is expanding into South America with franchise agreements for two Citadines-branded serviced residences in São Paulo, Brazil.

SINGAPORE (Nov 10): CapitaLand today announced its wholly-owned serviced residence business unit, The Ascott Limited, will be expanding its presence in China after inking contracts to manage eight new serviced residents in China’s cities of Beijing, Cho