Ascott, has opened three new serviced residence
properties with over 600 apartment units in three cities across
China.
The 105-unit Somerset International Building
Tianjin is Ascott’s latest acquisition through its private equity
fund, Ascott China Fund. The 249-unit Citadines Zhuankou Wuhan is
Ascott’s first property in Wuhan while the 251-unit Citadines
Gaoxin Xi’an is one of the company’s four properties in Xi’an.
Ascott now has over 6,300
apartment units in 34 properties across 15 cities in China.
Mr
Lee Chee Koon, Ascott’s Managing Director for North Asia, said,
“We are very confident of the outlook for the serviced
residence business in China. The country has been a top
business and leisure destination with its rapid development and
high foreign investment. Ascott already has a strong presence
in a number of major cities in China. Our first property in Wuhan
and new properties in Tianjin and Xi’an reaffirm Ascott’s
commitment to expand its business in the country. We plan to
open two more properties in Shenzhen and Shenyang before the
end of 2010. We will also continue to strengthen our presence
in cities where we have properties and expand to other cities
to achieve 12,000 apartment units in China by 2015.”
Somerset International Building
Tianjin enjoys a prime location along Nanjing Road, Tianjin’s
main commercial street in the heart of its central business
district. Occupying the 27th to 36th floors of the landmark
37-storey Tianjin International Building, which comprises Grade
A offices and retail outlets, the apartments offer panoramic
views of the city’s beautiful skyline.
Surrounding the property
are major office buildings such as the International Commercial
Trade Centre and Tianjin Centre, department stores like Isetan
and attractions including the Tianjin Concert Hall and Five
Avenues District. The property is a short drive to the Tianjin
Binhai International Airport and Tianjin Railway Station, and a
five-minute walk to the metro station which provides convenient
access to various destinations in the city.
Travellers can
choose from a range of spacious one to three-bedroom apartments
that come with separate living and work areas, and a fully-equipped kitchen. They can enjoy facilities including a
gymnasium and steam and sauna room. The Somerset branded
property also provides a playroom to cater to residents with
children.
Citadines Zhuankou Wuhan is located within the Wuhan
Economic and Development Zone, Hanyang. It is a short walk to
major commercial developments and offices such as the Xianglong
Times Business Center and Dongfeng Peugeot Citroen Automobile
Company headquarters. The property is part of a mixed
development with restaurants and retail outlets. A wide range of
amenities including shopping malls, supermarkets and food &
beverage outlets are also located near the property.
Citadines Gaoxin Xi’an is situated in the centre of the Hi-Tech
Development Zone and enjoys close proximity to commercial developments such as Pioneer Square, Hi-Tech International
Business Center, Gao Ke Plaza and Sea Star Square. A variety of
retail, dining and entertainment facilities are available at the
Golden Eagle and Ginwa shopping malls which are a short walk
away. Residents can also visit the nearby historic City Wall of
Tang Dynasty Park and Antique City of Tang Dynasty.
The two new
Citadines-branded properties offer apartments ranging from studios
to two-bedroom units and facilities including a gymnasium and
steam and sauna room.
In addition, a heated indoor swimming
pool is available in Citadines Zhuankou Wuhan. Travellers can
enjoy the flexibility to choose the services they require,
according to their lifestyle needs.
To celebrate the opening of
the two Citadines-branded properties and CapitaLand’s 10th
Anniversary, Ascott is offering promotional rates from RMB 380 and
RMB 448 per night for a studio apartment in Citadines Gaoxin
Xi’an and Citadines Zhuankou Wuhan respectively.
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