PropertyEU

Ascott buys Paris properties for EUR 65m

By A staff reporter 2011-05-11T00:00:00

Ascott, the wholly-owned serviced residence business unit of Singapore's CapitaLand, is acquiring a hotel and adjacent vacant residential property in Paris for about EUR 65 mln. Ascott plans to combine and transform the freehold properties into a serviced residence to be named Ascott Arc de Triomphe Paris. The transaction involves ...

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