• Ascott Chinese expansion

Serviced apartment specialist Ascott has signed a strategic alliance with Chinese property developer Beijing Vanke to drive expansion in the country. An initial agreement sees Ascott taking on a 157 unit Citadines and 198 unit Somerset branded block in Beijing.
Both properties are scheduled to open in 2017, and give Ascott a portfolio of close to 700 apartments managed for Vanke. Ascott is looking to add further properties in gateway and fast expanding cities across China.
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