Mixed development at Kensington High Street, London

January

• Ascott secures its second Citadines serviced residence in Thailand – Citadines Bangkok Sukhumvit 23, as part of its joint venture agreement with Thailand’s Thakral family to secure five Citadines properties in the Thai capital by 2010.

February

• CapitaLand enters into a joint venture agreement to acquire and develop a 23,000 sq m site in An Phu Ward, Ho Chi Minh City. The joint venture company plans to build about 1,000 apartments on the site.

• CapitaLand enters into a joint venture with Runwal Group to develop a residential project in Ghatkopar, Mumbai. The joint venture company will develop 590 apartments, as part of a mixed-use development to be built on the 80,874 sq m site.

• CapitaLand, through a joint venture vehicle in partnership with Hotel Properties and Genting International, acquires long leasehold interests in mixed development 99-121 Kensington High Street and office property 1 Derry Street; and a freehold interest in residential property 25 Kensington Square, in London.

• MGM MIRAGE and CapitaLand appoint world-renowned architects Kohn Pederson Fox Associates PC (KPF) as principal architect on the international design team for their joint Marina Bay Integrated Resort (IR) bid.

 
 
 
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