Friday, October 26, 2007

Ascott In JV For Japan Serviced Residence

Source : The Business Times, October 26, 2007

THE Ascott Group is to jointly develop a 126-unit serviced residence in Kyoto, Japan with Mitsubishi Estate Co.

Ascott said it will take a 40 per cent stake in the joint venture and invest about $20.6 million for the land acquisition and development.

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