Powered by

-Ascott Boosts Pipeline Through Strategic Alliance With Indonesia's Leading Developer Ciputra

Nov 20, 2018 - ENP Newswire

Singapore- CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott), has formed a strategic alliance with one of Indonesia's top property developers - Ciputra Development Group (Ciputra). Under the alliance, Ascott will manage serviced residences to be developed by Ciputra in Indonesia and China within the next five years. The 253-unit Citadines Sudirman Jakarta, the first property under the alliance, will open in 2021.

The alliance was inked today at the opening ceremo...