Ascott Clinches Contract To Manage Its Seventh Property In The Philippines
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured a management contract for a new serviced residence in Ortigas Center, a key business and financial district in Metro Manila, Philippines. Scheduled to open in 2015, the 210-unit Citadines Millennium Ortigas Manila strengthens Ascott’s leadership position as the largest international serviced residence owner-operator in the Philippines with over 1,300 apartment units across seven properties.