News about Ascott

The soft opening of Ascott Orchard Singapore on Dec 1, 2016 marked the return of the Ascott The Residence brand to Orchard Road after a decade-long hiatus.

KOTA KINABALU (Feb 27): Property developer Titijaya Land Bhd is partnering China Railway Engineering Ltd to jointly develop mixed-use project with a gross development value (GDV) of RM575 million on a 1.

SINGAPORE (Feb 23): The Ascott Ltd, CapitaLand’s serviced residence business unit, is partnering Singapore Management University to launch a lab to field-test co-living concepts of its newest brand, lyf.

MALAYSIAN Resources Corp Bhd (MRCB) is in the midst of appointing a party to administer the tender process for the sale of the Ascott Sentral Kuala Lumpur serviced apartments, as it is looking to unlock the value of the asset, say industry sources.

SINGAPORE (Jan 24): Ascott Residence Trust (ART) has posted a distribution per unit (DPU) of 2.

SINGAPORE (Jan 4): Franses Gallery, a London-based UK art gallery, says it is currently in the midst of a “bitter [court] dispute” with CapitaLand over a new 15-year lease of purpose-built premises within the Singapore-listed property developer’s Ascott-branded Cavendish Hotel.

SINGAPORE (Dec 16): CapitaLand on Friday announced that wholly-owned serviced residence business unit The Ascott has acquired Temple Bar Hotel in Ireland capital Dublin for 55.

SINGAPORE (Nov 24): The Ascott Limited, CapitaLand’s serviced residence unit, has launched a new co-living hospitality concept brand Lyf, pronounced ‘life'.

SINGAPORE (Nov 15): The Ascott Ltd, CapitaLand’s wholly owned serviced residence business unit, has secured more than 10,000 apartment units across 51 properties this year, setting a new record.

SINGAPORE (Nov 11): DBS Group Research has a buy call on CapitaLand after the property group posted a robust set of earnings for its third quarter of 2016 amid portfolio-wide improvement.