Another Ascott in China
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The Ascott Group (Ascott) is to manage a 219-unit serviced residence, to be named Ascott Shenzhen Maillen, in Shenzhen, China. The serviced residence is targeted to open in the second half of 2009. Ascott Shenzhen Maillen is located in the heart of the Shekou commercial and cultural centre, and will be part of an integrated development comprising an existing exclusive, high-end club with recreational and lifestyle facilities, and restaurants.
The property is also five minutes’ drive from the Shekou Ferry Terminal and only a 15-minute drive from the newly-opened Hong Kong-Shenzhen Western Corridor, a bridge which links Shenzhen to Hong Kong.
This is Ascott’s second property in Shenzhen. Earlier this year, it acquired a
173-unit serviced residence from China Merchant Real Estate (Shenzhen) Co.
Ltd. The property will be named Somerset Garden City, Shenzhen, when it opens in the second half of 2008.
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