Ascott Steps Up Presence In Iskandar Malaysia With Its Third Property In Nusajaya
Singapore -- CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has stepped up its presence in Iskandar Malaysia by securing a contract to manage its third property in Nusajaya. Slated to open in early 2019, the 214-unit Citadines Medini Nusajaya has a prime location in Nusajaya's main business and leisure district. Ascott, the world's largest international serviced residence owner-operator, has been awarded the contract by UMCity Medini Lakeside Development Sdn Bhd, a wholly-owned subsidiary of United Malayan Land Bhd (UMLand).