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Ascott expands Citadines portfolio in Europe with new Citadines’ Apart’Hotel

Citadines Islington London, Studio apartment.

The 108-unit serviced residence has been delivered by privately held real estate investment firm Cain International.

SINGAPORE – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened Citadines Islington London – the newest addition to its Citadines’ Apart’hotel portfolio in Europe. The prime property in the heart of Islington was acquired in April 2016 through Ascott’s serviced residence global fund with Qatar Investment Authority.

The 108-unit serviced residence has been delivered by privately held real estate investment firm Cain International. It is located in London’s exciting new Islington Square, a new multi-faceted destination and heritage site that includes shops, residences, offices, an upscale cinema, gym and more – all spaciously distributed across newly formed ‘streets’ conceived by award-winning architect Piers Gough of CZWG.

Housed in an Edwardian building that was once a Royal Mail Sorting Office, Citadines Islington London features four stylish and contemporary apartment types, each designed to appeal to the modern traveller, whilst drawing on the property’s and Islington’s colourful heritage. 

Mr Lee Ngor Houai, Ascott’s Managing Director for Europe, said: “Citadines is our fastest growing brand globally, and this new opening is the latest milestone in our expansion plans for Ascott. Ascott’s serviced residences that cater primarily to the long-stay segment have proven to be resilient amid the COVID-19 situation. We have been providing accommodation to healthcare workers and guests seeking alternative work-from-home locations. We expect demand for accommodation to pick up with gradual reopening of the international borders. London is a key area of development for the Group in Europe. We currently have more than 900 units in London, which will increase by a further 300 units when our next property, Citadines Wembley London, opens next year. By 2023, we plan to further add over 800 new units across Europe.”

Mr Frédéric Carré, Ascott’s Regional General Manager for the United Kingdom, Germany, Georgia & Spain, said: “Citadines Islington London sets a new bar for contemporary accommodation in the borough. Our new apart’hotel caters to today’s travellers who want to explore this vibrant neighbourhood, and the wider city of London while staying in a safe, comfortable and stylish home-from-home environment. Apart’hotels are a fantastic accommodation option for travellers in the current climate due to the space and facilities available for guests, giving them the flexibility and independence to live like a local, wherever they are.”

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