Ascott increases presence in the Philippines with contract to manage eight property
Singapore, 10 June 2013 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has increased its presence in the Philippines by securing a contract to manage a serviced residence in Alabang, a major business district in Metro Manila, Philippines. The 150- unit Somerset Alabang Manila is slated to open in 2017. It will reinforce Ascott’s position as the largest international serviced residence