Posted on May 8, 2008 by lushhomeonline
The Ascott Group (Ascott) said it has bought a serviced residence within London’s ‘Midtown’ region at High Holborn for 43.5 million pounds (US$85.13 million).
Ascott currently leases the property from Land Securities plc and operates it as Citadines London Holborn-Covent Garden.
Land Securities plc is the United Kingdom’s largest real estate investment trust.
Ascott said the 192-unit serviced [...]
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Posted on May 8, 2008 by lushhomeonline
CapitaLand’s Ascott unit has bought an existing serviced residence in London for S$116.4 million.
The property is located within London’s ‘Midtown’ region at High Holborn.
Ascott is currently leasing the property from Land Securities, the UK’s largest real estate investment trust.
The property is being operated under the brand name Citadines London Holborn-Covent Garden.
The 192-unit serviced residence is [...]
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Posted on April 28, 2008 by lushhomeonline
Property developer CapitaLand has completed the compulsory acquisition of the Ascott Group, a serviced-apartments operator.
From 28 April, Ascott becomes an indirect wholly-owned subsidiary of the company.
It will be delisted from the Singapore Exchange with effect from 29 April.
CapitaLand said the privatised Ascott will enhance the company’s competitive advantage of having a fully integrated real estate [...]
Filed under: Developer News, General, Service Apartment | Tagged: Ascott Group, Capitaland, Developers, Service Apartments | No Comments »
Posted on April 24, 2008 by lushhomeonline
FRASERS Hospitality only opened for business in Japan last month - seven years after the Singapore-based serviced residence owner and management company started spreading its wings overseas.
During those years, Frasers - a wholly owned subsidiary of food and beverage company Fraser & Neave, which has branched aggressively into property development - has acquired more than [...]
Filed under: General, Service Apartment | Tagged: Fraser Place Shinjuku, Frasers Hospitality, Service Apartments, Tokyo | No Comments »
Posted on March 7, 2008 by lushhomeonline
IT HAS been 28 years since Singapore’s listed UOL Group launched its last serviced apartment property, the Parkroyal Residences at Beach Road.
EXTRA PERKS: The Pan Pacific Serviced Suites will come with additional luxury perks, like round-the-clock personal assistants. — PHOTO: PAN PACIFIC
Now, it is entering the luxury extended-stay business with the launch of its new [...]
Filed under: Developer News, General, Service Apartment | Tagged: Developers, Pan Pacific Serviced Suites, Service Apartments, Somerset, UOL | No Comments »
Posted on March 6, 2008 by lushhomeonline
The UOL Group has earmarked some $500 million - or a third of its available funds - to expand its hospitality business in Asia-Pacific over the next three years, the group’s president and chief executive Gwee Lian Kheng told BT in an interview.
Lap of luxury: Pan Pacific Serviced Suites is likely to be the only [...]
Filed under: General, Service Apartment | Tagged: Breeze by the East, Developers, Pan Pacific Serviced Suites, Service Apartments, Somerset, UOL | No Comments »
Posted on March 6, 2008 by lushhomeonline
Property developer UOL Group has unveiled a new luxury serviced apartment, marking its entry into the extended stay business.
Pan Pacific Serviced Suites, located in the Somerset area, will open for business in April. It offers 126 deluxe units, which come with personal assistants to tend to the needs of guests.
Besides waking up to a view [...]
Filed under: Developer News, General, Service Apartment | Tagged: Developers, Pan Pacific Serviced Suites, Service Apartments, Somerset, UOL | No Comments »
Posted on February 27, 2008 by lushhomeonline
SERVICED apartment operator Frasers Hospitality is expanding its footprint in North Asia with a maiden project in Japan.
The group said in a press statement yesterday that it was adding Fraser Place howff Shinjuku, Tokyo to its portfolio as part of its plan to tap the lucrative Japanese premium serviced residences market.
The new property, which belongs [...]
Filed under: Developer News, General, Overseas Property, Service Apartment | Tagged: Fraser Place howff Shinjuku, Frasers Hospitality, Japan Property, Service Apartment, Tokyo Property | No Comments »
Posted on February 26, 2008 by lushhomeonline
Property developer CapitaLand has gained control of 96.7 per cent of the Ascott Group.
With this level of acceptance, CapitaLand can now compulsorily acquire the remaining shares of Ascott that it does not own.
The move will allow CapitaLand to delist Ascott and take it private.
But Ascott shareholders, who have yet to accept the offer, can still [...]
Filed under: Developer News, General, Service Apartment | Tagged: Ascott, Capitaland | No Comments »
Posted on February 22, 2008 by lushhomeonline
Shares of Ascott Group are likely to be suspended, now that CapitaLand has gained control of 91.7 percent of the company.
Under listing rules, the Singapore Exchange may suspend a stock when its free float falls below 10 percent.
In a statement, CapitaLand says it will not appeal for the trading suspension to be lifted. The company [...]
Filed under: Developer News, General, Service Apartment | Tagged: Ascott, Capitaland, SGX | No Comments »
