CapitaLand's Ascott Limited wins contract in Nanjing

Citadines Baijia Lake Nanjing is set to open mid-2014.

According to a release, CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has secured a contract to manage its first serviced residence in Nanjing. 

The contract was awarded by Nanjing Lek Yuen Property Development Company Limited, a major property developer in Nanjing. Citadines Baijia Lake Nanjing, which will have approximately 290 apartment units, is slated to open in the second half of 2014.

Mr Chong Kee Hiong, Ascott’s Chief Executive Officer, said: “Our first property in Nanjing is wellpositioned to tap the growing number of expatriates, business travellers and tourists in Nanjing. 

Citadines Baijia Lake Nanjing is near the city centre and strategically located in Jiangning District which is home to Nanjing’s largest economic and high-tech zone. More than 2,000 foreign enterprises are based in Jiangning District. Guests will experience vibrant global living and enjoy flexible services at Citadines Baijia Lake Nanjing.”