The only property app you need. For more information visit www.sungroup.com.vn. Ascott brings top brands to Hanoi - TTR Weekly EdgeProp.my is Malaysia's most useful property website for home buyers and investors. Providing a scenic view of the West Lake, this property has 90 serviced apartment units comprising studio, one-, two-, and three-bedrooms. The Hanoi property is the 364-unit Somerset Metropolitan West Hanoi, located in Hanoi's new Central Business District. CapitaLand's Ascott acquires properties in Paris and Hanoi - EdgeProp To date, Ascott has achieved a record of over 2,800 new units in Vietnam, exceeding its full-year signings in the country in the previous years. At the signing ceremony between Ascott and Sun Group, Kevin To make an online reservation, please click here, Copyright 2022 CapitaLand Ascott Trust Management Limited. Add:79 Ly Thuong Kiet Street, Ha Noi, Viet Nam. With the addition of the three serviced residences, Ascotts portfolio in Vietnam comprises about 9,200 lodging units in over 30 properties across 12 cities such as Binh Duong, Cam Ranh, Danang, Hai Phong, Halong, Hanoi, Ho Chi Minh City, Hoi An, Lao Cai, Nha Trang, Sa Pa and Vung Tau. In the North West of Vietnam, the SHGs Hotel de la Coupole MGallery from Sa Pa was also recognised as the Worlds Leading Iconic Hotel 2019 and Asias Leading Design Hotel 2020. Firstly is first week of Apr good to travel to (ta && ta.queueForLoad ? Asia real estate and outbound investment news, 2021/06/22 by Christopher Caillavet Leave a Comment. Somerset Grand Hanoi. they open and stabilise. CapitaLand's Ascott acquires properties in Paris and Hanoi for close to RM650m. Ascott Seals Strategic Partnership With Sun Group To Manage Vietnam's FAQ-How to transfer from Noibai airport to Hanoi centre? Singapore-based CapitaLands wholly owned lodging business unit The Ascott Limited (Ascott) has agreed to acquire two properties in Paris, France and Hanoi, Vietnam for about S$210 million. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs. Vietnam. To date, Ascott has achieved a record of over 2,800 new units in Vietnam, exceeding its full year signings in the country in the previous years. Thuy Khue Road, Hanoi, Vietnam. After completion, the project will not only be a new image of Hanoi, but also act in a role as a new world destination, catching attention of the world's top music artists to go to have performance show. 2007-2023 China Advertising Media Ltd (Samoa). +84 24 3934 2342. 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Especially, Tay Ho View also brings an opportunity for visitors to enjoy premium dishes at world-class restaurants, cooked by Michelin-star chefs. Overview Rooms Amenities Location Offers Gallery Awards Guest Reviews. 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Subscribe to ourTelegramchannel for the latest stories and updates. In the leisure travel field, SHG owns a portfolio of luxury hotels and resorts throughout Vietnam, many of which have won prestigious global awards and reputable titles. Developing strategic partnerships with leading names in the accommodation business sector will continuously be a central growth strategy of Ascott. Ascott Signs 1,905 Serviced Residences in Hanoi, Vietnam - Travel News Asia Our acquisition of these two prime properties in France and Vietnam is in line with Ascotts ambition to expand our global lodging business, said Kevin Goh, CapitaLands chief executive for lodging and Ascotts chief executive. CapitaLand's Ascott acquires properties in Paris and Hanoi for close to Somerset Metropolitan West Hanoi is a 10-minute drive to the Vietnam National Convention Centre, the largest convention centre in Vietnam and 30 minutes from Noi Bai International Airport. As at 31 December 2021, CLI had about S$122.9 billion of real estate assets under management, and about S$86.2 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 29 private funds across the Asia-Pacific, Europe and USA. Most recently, these two resorts have been ranked in the list of Top 25 resorts in Asia by Cond Nast Traveler's 2021 Readers' Choice Award. By registering, you agree to our T&C and Privacy Policy. Hanoi Serviced Apartments | The Ascott Limited - Discover ASR Under the agreement, Ascott will manage 1,905 units across three serviced residence brands The Crest Collection, Ascott The Residence, and Citadines Aparthotel within Sun Groups Tay Ho View Complex in Hanoi, an integrated development in the citys exclusive waterfront Tay Ho district. This is line in with CLIs asset-light strategy. Ascott made its first foray into Vietnam 27 years ago with the opening of Somerset West Lake Hanoi. Sign up to get breaking news, unique insights, event invites and more from EdgeProp. The Crest Collection will offer 28 exclusive units, comprising three- and four-bedroom duplex apartments. In each sphere of influence, Sun Group has left a timeless imprint across the country, forging innovative projects and structures of great beauty and value that transcend the test of time. Providing a scenic view of the West Lake, this property has 90 serviced apartment units comprising studio, one-, two-, and three-bedrooms. Ascott made its first foray into Vietnam 27 years ago with the opening of Somerset West Lake Hanoi. Ascott will also introduce its signature Ascott The Our latest properties Luxury apartment for rent in L1 building Ciputra Hanoi Location: Tay Ho, Price: $1,300 /month, ID: 3520 Bathrooms: 2, Bedrooms: 3, Living area (m2): 114, Living room: 1 Subscribe to EdgeProp.my's weekly property round-up and stay on top of real estate news, latest listings and events. Now valued at $600 million, ASRGF was set up in July 2015 as a 50:50 joint venture with the Qatar Investment Authority, the emirates sovereign wealth fund, and is Ascotts biggest private equity vehicle. Good Get answers to your questions about Hanoi. Located at No. Our interests are aligned with both our private and public investors, as we put our own capital to work alongside theirs, bringing the strengths of our global reach and operating expertise to deliver the required investment returns. With Sun Group and SHGs experience in many of Vietnams world-class projects such as InterContinental Sun Peninsula Resort, JW Marriott Phu Quoc Emerald Bay, Hotel de la Coupole - MGallery (Sa Pa), etc. Ascott Reit has commenced the strata sale of its 81 units Fortune Garden Apartments (formerly known as Somerset Grand Fortune Garden Property Beijing) as announced in October 2013. Ascotts strategic partnership with Sun Group to manage the biggest serviced residence development in Vietnam with three of our brands, demonstrates their confidence in Ascotts global expertise and brand reputation. Meaning can we book land tours directly in Ascott? With the addition of the three serviced residences, Ascotts portfolio in Vietnam comprises about 9,200 lodging units in over 30 properties across 12 cities. MCI (P) 076/10/2022, MCI (P) 077/10/2022. Singapore, 21 June 2021 - CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott) has entered into two agreements to acquire two properties in Paris, France and Hanoi, Vietnam for about S$210 million. Goh, CLIs Chief Executive Officer for lodging said: Forming strategic Driving Directions From To Get direction PentStudio West Lake Hanoi Join us to add a listing, Sonar buys mixed-use property in Stuttgart for SIS special fund, Chancerygate, Bridges submit plans for Cheshire industrial development, Goodman Group profit up 11.4% to $942 million, Keppel launches second data centre fund with US$500m first close. In addition to Ascotts trio of serviced residences, which are expected to open in phases from 1Q2023, the integrated development also comprises commercial and retail elements. Serviced Apartments. At the signing ceremony that took place between Ascott and Sun Group, Mr Kevin Goh, CLIs Chief Executive Officer for Lodging said: Forming strategic collaborations with leading industry players continues to be a key growth strategy for Ascott. more. Exceptional, Vietnam Investment Review under the Ministry of Planning and Investment, Deputy Editors-in-Chief: Bui Duc Hai, Nguyen Van Hong and Nguyen Quoc Viet, Advertisement | We look forward to introducing a new architectural symbol in Vietnam, which will become a destination that attracts domestic and international visitors to experience the warm feeling of being back home. Interested in new property launches in Malaysia? through a distinctive blend of character and heritage. Most of our properties possess a panoramic view from above, providing stayers with a magnificent views of Hanoi. CapitaLand Ascott acquires new properties in Hanoi and Paris The acquisition of the two assets will bring ASRGFs portfolio to eight properties with close to 1,700 units. With the . Ascott will also introduce its signature Ascott The Residence brand as well as its fastest growing brand, Citadines Aparthotel. You have reached your limit of subscriber-only articles this month. district. Both properties will be acquired on a turnkey basis and are expected to open in 2024, said the report. Imperial Hotel - Just booked quoted US rate, did I mess up? Named livelyfhere Gambetta Paris, the 139-unit property is located in the 20th arrondissement, near galleries, cinemas, cafes and restaurants, street art and music venues. In Vietnam, Somerset Metropolitan West Hanoi will increase Ascotts portfolio to over 7,600 units across 31 properties in 10 cities. partnership with Sun Group, one of the biggest real estate developers in Ascott Expands FUM with Acquisition of Two Properties in Paris and Hanoi The high-end serviced apartments here are equipped with modern utilities. previous years. As part of the CapitaLand Group, CLI places sustainability at the core of what it does. The highlight of Tay Ho View also comes not only from its unique architecture and unique location, but also from the interior design, which is inspired by materials with featured Vietnamese identity such as lotus, tea gardens, etc., and combined with modern elements and conveniences, creating the most luxurious complex in Hanoi in particular and Vietnam in general. CapitaLands CEO for lodging, Kevin Goh, anticipated strong growth momentum from fee-related earnings (FRE) generated through the management of the companys private fund and the listed hospitality trust as well as recurring fees earned from asset management and property management. Ascott will manage 1,905 units across three distinct serviced residence brands within Sun Group's Tay Ho View Complex in Hanoi. Therefore, 3 sides of the project have unlimited views, and embrace the most beautiful lake area in the capital. collaborations with leading industry players continues to be a key growth Sun Group owns three member brands: Sun World, Sun Hospitality and Sun Property. Sharing the joy when the most premium brands of Ascott Group have first appearance in Vietnam and Asia, through the Tay Ho View complex project, Representative of The Ascott Group, Ms. Lew Yen Ping, General Manager in charge of the Area of Vietnam, Cambodia and Myanmar said that: With 27 years of experience and in-depth understanding of the accommodation market in Vietnam, Ascott is both the owner and business operator of the largest international accommodation services in Vietnam. Together, we look forward to introducing a new architectural beacon in Vietnam, attracting local and international guests to find their home away from home with us. The cooperation agreement signing between Sun Group and The Ascott Limited will not only provide a luxurious complex of hotels, serviced apartments, commercial centres to the tourism industry of the capital, that will be a new flourishing highlight at the "golden location" in Hanoi, but also takes Sun Hospitality Group to a new position, becoming the Vietnamese hotel brand partnering withleading management operatorsin the world. Ascott The Residence will offer 1,167 units comprising suites, studio, one- to four-bedroom apartments and duplex units, while Citadines Aparthotel will offer 710 units comprising studio, one- to four-bedroom apartments and duplex units. Ascotts strategic partnership with Sun Group to manage the biggest serviced He added that the acquisition of these two prime properties in France and Vietnam is in line with Ascotts ambition to expand its global lodging business. |. CapitaLand Ascott Trust Ascott in Hanoi - Hanoi Forum - Tripadvisor Both properties will be acquired on a turnkey basis and are expected to open in 2024. Ascott's three serviced residences will sit within the Tay Ho View Complex in Hanoi Currently only available in France, this is the first time The Crest Collection will debut in Asia. Kevin Goh, CapitaLands chief executive for lodging and Ascotts chief executive. The iconic integrated development will be Vietnams new landmark, transforming the citys skyline and rejuvenating the citys exclusive waterfront Tay Ho district. The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. There will also be a club as well as a sky bar perched atop the integrated development for guests to unwind after a long day with the bars signature drinks. Visit http://www.capitalandinvest.com/ for more information. The freehold property in the 20th arrondissement in Paris will be refurbished into a 139-unit coliving property. Whether you are looking to buy or rent properties, we have the most comprehensive property listings in Malaysia, for all popular property types in the market - condominiums and apartments, landed properties, residential land and commercial properties. The signing ceremony between Sun Group and The Ascott Limited (Ascott), held on October 11th, 2021, officially kicked off the cooperation relationship in operating the super project of Tay Ho View high-end multi-functional complex in Hanoi between two big names in the field of tourism and resort in Vietnam and the world. In addition to the gateway cities of Ho Chi Minh City and Hanoi, Ascott also has properties in cities such as Binh Duong, Cam Ranh, Danang, Haiphong, Halong, Hoi An, Nha Trang, and Vung Tau.
. Despite being outstripped by ARA last year, CapitaLand managed to break into the ranks of the worlds 10 largest real estate fund managers in 2020, as its real estate assets under management worldwide exceeded $100 billion. We will continue to build on our funds growth momentum by seeking suitable investment opportunities in long-stay lodging assets in key gateway cities in Asia Pacific and Europe to deliver long-term value for our partners, he added. Collection will debut in Asia, providing guests with a luxury experience There will also be eight properties under the ASRGF with close to 1,700 units. Level Contributor 4,434 posts 4 reviews 7 helpful votes 1. Apartments to Rent in Hanoi | Somerset Grand Hanoi Offers - Discover ASR Ascott The Residence offers discerning guests exclusive and personalised Currently only available in France, this is the first time The Crest Collection will debut in Asia, providing guests a unique luxury experience through a distinctive blend of character and heritage. There will also be eight properties under the ASRGF with close to 1,700 units. Description. This is the version of our website addressed to speakers of English in Singapore. The three serviced residences are expected to open in phases from 1Q 2023. Facilities at the three properties will include residents lounges, a reading room, gyms, Michelin-starred restaurants, a club as well as a sky bar. The luxury hotel also received seven awards in the 2020 World Travel Awards, including Asias Leading Green Resort, Asias Leading Luxury Resort and Asias Most Romantic Resort. Concurrently, we continue to secure more third-party management contracts and franchises to increase Ascotts property fee income, he added. as well as Ascotts award-winning hospitalityexperience, we are confident that Tay Ho View Complex will be the countrys latest architectural landmark to capture everyones attention. Ascott will also acquire the 364-unit Somerset Metropolitan West Hanoi. Ascott will acquire a freehold asset in Paris, which will be refurbished and fall under its lyf brand, making it Ascott's first co-living property in Europe. Tay Ho View Complex is set to redefine hospitality standards in the city. SINGAPORE (June 22): The Ascott Ltd (Ascott), the wholly-owned lodging business unit of CapitaLand Ltd, has expanded its presence in Paris, France; and Hanoi, Vietnam, by acquiring two properties for about S$210 million (RM647 million), reported The Edge Singapore. Learn more Free Nights & Flexible Benefits wholly owned lodging business unit, The Ascott Limited, has formed a strategic 1 Comeandgovietnam Ho Chi Minh City. The Hanoi property is the 364-unit Somerset Metropolitan West Hanoi, located in Hanois new Central Business District. Copyright 2023 SPH Media Limited. It provides us with accelerated access to a pipeline of Ascott will acquire a freehold asset in Paris named livelyfhere Gambetta Paris (left) and the 364-unit Somerset Metropolitan West Hanoi. Ascott runs 3 Somerset brand serviced residences in (ta && ta.queueForLoad ? No 49 Hai Ba Trung Street, Hanoi, Vietnam. Hi, just want to check 2 things. The acquisitions will raise Ascott's total fund assets under management (FUM) to about S$8 billion, it said. experiences. Both properties will be acquired on a turnkey basis and are expected to open in 2024, said the report. CapitaLand's chief executive for lodging Kevin Goh said: "ASRGF and our sponsored hospitality trust, Ascott Residence Trust are key investment platforms to grow our FUM in a capital-efficient manner.". It is located in Hanois new Central Business District, close to several government agencies as well as local and international corporations. At the end of 2020, Sun Groupwas the pride of Vietnamese tourism by winning 25 awards at the World Travel Awards - Asia for resort tourism, entertainment and infrastructure projects invested by the group. Singapore CapitaLand Investments (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) has formed a strategic partnership with Sun Group, one of the biggest real estate developers in Vietnam, to manage Vietnams largest serviced residence integrated development. serviced residence brands within Sun Groups Tay Ho View Complex in Hanoi. Named livelyfhere Gambetta Paris, the 139-unit coliving property is located in a vibrant district in the 20th arrondissement, near galleries, cinemas, trendy cafs and restaurants, street art and music venues. 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Somerset Metropolitan West Hanoi is a 10-minute drive to the Vietnam National Convention Centre, the largest convention centre in Vietnam and the Noi Bai International Airport is a 30-minute drive away. Especially, it will be a distinctively cultural and architectural work named as the Opera House next to this complex in the future, and designed by the famous Italian architect who is Renzo Piano. It will also be next to an upcoming Opera House to be opened in the future. We are therefore seeing strong growth momentum from fee-related earnings (FRE) generated through the management of our private fund and the listed hospitality trust as well as recurring fees earned from asset management and property management, said Goh. Contact us | The acquisition in Hanoi is the 364-unit Somerset Metropolitan West Hanoi. The Crest Collection will offer 28 exclusive units, comprising three- and four-bedroom duplex apartments. Mr Mak Hoe Kit, managing director of ASRGF and head of business development at Ascott, said the first ASRGF-owned property that was divested outperformed the expectation of its underwriting. Tay Ho View complex of high-end hotels, serviced apartments, and commercial centres possesses 9 buildings, that are composed of 5-star hotels, high-end serviced apartments with full of conveniences, a Convention centre that is 1400 m2 in width, along with commercial centre. The project will be a flagship showcase of Ascotts hospitality capabilities. CapitaLand group CEO Lee Chee Koon, who will lead CLIM, said in March that the restructuring would sharpen focus and position the business as an asset-light and capital-efficient enterprise. Re. This is in line with CLIs asset-light strategy. The acquisition in Hanoi is the 364-unit Somerset Metropolitan West Hanoi. Home Somerset Serviced Residence Somerset Hoa Binh Hanoi Amenities Somerset Hoa Binh Hanoi Book now Sustainable property No 106 Hoang Quoc Viet Street, Cau Giay, Hanoi, Vietnam enquiry.hanoi@the-ascott.com +84 24 3755 5888 Overview Rooms Amenities Location Offers Gallery Awards Guest Reviews Serviced Apartments Serviced Apartments 202120748H. Today, Ascott is the largest international lodging owner-operator in the country. ga('send', 'pageview');
Residence brand as well as its fastest-growing brand, Citadines Aparthotel. SINGAPORE, 14 October 2021: CapitaLand Investments (CLI) Sao Viet Limousine Bus or Sapa Group Express? With this addition, Ascott has a total of 16 lyf properties with more than 3,100 units across 13 cities and nine countries in Asia Pacific and Europe. Named livelyfhere Gambetta Paris, the 139-unit coliving property is located in a vibrant district in the 20tharrondissement, near galleries, cinemas, trendy cafs and restaurants, street art and music venues. SINGAPORE (THE BUSINESS TIMES) - The Ascott will spend $210 million to acquire two properties in France and Vietnam through the Ascott Serviced Residence Global Fund (ASRGF), its private equity fund with Qatar Investment Authority. This opening is expected to continue to open many strategic cooperation opportunities with Sun Group in the future.. It provides us with accelerated access to a pipeline of quality projects to grow our global portfolio and our recurring fee income as they open and stabilise. Serviced Apartments. Currently only available in France, this is the first time The Crest Bui Duc Hai, Nguyen Van Hong and Nguyen Quoc Viet, CapitaLand Vietnam doubles pledge in "Spread Love, Share Hope" campaign, CapitaLand ranked as one of world's most sustainable corporations for ninth time, First Porsche studio in Vietnam at Capital Place, Tran Anh-Tan Phu IP: a golden spot for enterprises, State bank's new circular facilitates lending to real estate projects, Demands for developers to face wasted land sanctions, Industrial land supply a fillip for investors, Frasers Property Vietnam commits to strong values, Dong Nai eager to resolve pending issues at its industrial parks, Masterise Homes teams up with branded furniture distributor Modale, FIATO City provides happy childhoods in a community of excellence, Greener industrial parks a manufacturing prerequisite, Indochina Kajima continues rollout of world-class industrial property in Vietnam, Vietnams real estate thirsty for M&A deals, Singaporean developers retain throne in real estate, Real estate developers propose solutions to aid recovery, PM highlights responsibilities of all stakeholders in real estate market, Solutions proposed to solve real estate market issues, Vietnam allows 3,035 foreigners to purchase homes, Luxury apartments to be rolled out in Hanoi and Ho Chi Minh City, Based on MasterCMS Ultimate Edition Ver 2.9 2022.