Tag Archives: Ascott Group

CapitaLand deploys S$1b capital to China, Vietnam & Ascott businesses

Posted on 19 Aug 2009 | Comments Off

Property developer CapitaLand has channelled an additional capital of S$1 billion to its wholly owned China, Vietnam and Ascott businesses.

The developer said it intends to sharpen its focus for the next phase of growth.

The funds came from its recent S$1.8 billion rights issue.

Out of the S$1 billion, half will be allocated to CapitaLand China Holdings, while S$299 million will be deployed to its Vietnam operations, with the remaining S$200 million going to The Ascott Group.

The balance of S$800 million from its rights issue will be set aside for further investment opportunities that may arise.

In a statement, CapitaLand said it will have over S$4 billion of long-term core debt comprising convertible bonds and medium-term notes with an average Continue reading →

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Posted in Developers, Property Market / Real Estate

Tagged Ascott Group, Capitaland, China Property, Developers, Vietnam Property

Global leader in serviced residence industry

Posted on 4 Aug 2009 | Comments Off

Ascott plans to expand its presence through management contracts and selective investments in the Asia-Pacific, Europe and the Gulf region

HOMEGROWN serviced residence firm The Ascott Group has come a long way since it was set up 25 years ago. In 1984, Ascott pioneered the serviced residence concept with one property each in Singapore (The Ascott Singapore) and France (Citadines La Defense). But over the past 25 years, Ascott has grown to be the world’s largest serviced residence owner-operator, with 25,000 units in 66 cities in 22 countries. Ascott currently has 190 properties in the Asia-Pacific, Europe and the Gulf region. Continue reading →