CAPITALAND-OWNED serviced residence operator The Ascott Limited last week launched another handful of new properties and has plans to further its regional footprint.
Ascott has opened the 203-unit Citadines DPulze Cyberjaya, its first property in Malaysia’s Multimedia Super Corridor; the 136-unit Citadines Grand Central Sri Racha in Thailand that is also the group’s 10th property in Thailand; and Somerset Central TD Hai Phong City in Vietnam, the ninth Ascott in the country.
Lee Chee Koon, Ascott’s CEO, said: “Last year, we opened 17 properties and added 28 with over 4,800 apartment units to our global portfolio. Besides expanding through acquisitions, management contracts and leases, we secured our first franchises in Vientiane and Bali. We also formed strategic alliances in China and Australia to accelerate Ascott’s growth.
“In 2015, there will be no let-up in our expansion. We are on track to achieve our target of 40,000 apartment units worldwide by the end of this year and aim to have 80,000 units by 2020.”
Ascott intends to continue building its portfolio in cities in Asia, Europe and the Gulf region.
