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Ascott scores JTC lease for one-north serviced residence

PropertyGuru

CapitaLand's serviced residence arm Ascott Limited on Monday (7 March) announced in a press release that it has snagged a lease award from JTC Corporation for a prime property in one-north business park.

The 50-unit serviced residence will be rebranded to Citadines Fusionopolis Singapore from 1 April.

According toAscotts head of Singapore ClusterAnthony Khoo, the serviced residence will further strengthen the group's presence in Singapore, and bring its operating portfolio here to exceed 1,000 apartment units.

"With its choice location within the Fusionopolis, and its spacious loft apartments that appeal to expatriates on long-stay, we are confident that Citadines Fusionopolis Singapore will further strengthen Ascotts business in Singapore. It is an exciting period for Ascott as we will open the luxurious Ascott Orchard in Singapores premier shopping and lifestyle district soon after Citadines Fusionopolis Singapore," Khoo said.

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Following the opening of Citadines Fusionopolis, Ascott will also open the 20-storey Ascott Orchard Singapore in early 2017, which will have220 units comprising studios to two-bedroom units and penthouses.

Image:Citadines Fusionopolis Singapore. (Source: JTC Corporation)

Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this or other stories emailnikki@propertyguru.com.sg

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