Ascott secures contract for new premium serviced residence in KL Sentral

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Group Limited (Ascott), has clinched a contract to manage a new premium serviced residence in Kuala Lumpur Sentral, the largest commercial and lifestyle development in Malaysia’s capital. Ascott was awarded the contract by GSB Sentral Sdn Bhd, an established property developer under Gapurna Group with interests in construction, commercial property development and information technology.

The new 143-unit serviced residence, called Ascott Sentral Kuala Lumpur, is part of the prestigious 348 Sentral project which also comprises an adjacent office block whose main occupant will be Shell Malaysia. Slated to open in 2013, the serviced residence is strategically located in Kuala Lumpur Sentral, a unique ‘City-within-a-City’ development designed by renowned architect Dr Kisho Kurokawa.

Kuala Lumpur Sentral offers connectivity, business convenience and an international lifestyle. It houses Malaysia’s first Multimedia Super Corridor cyber centre and its largest transit hub with six rail networks connecting to all over the country. The exclusive urban centre is also home to the offices of many multinational companies as well as retail, recreational and entertainment facilities. Even though Kuala Lumpur Sentral is phased for full completion by 2015, it is already well-known for its self-contained live, work and play environment.

Ascott Sentral Kuala Lumpur will offer a range of apartment types from studios to one- and two-bedroom units, enabling travellers to choose an ideal residence for their lifestyle. Travellers will also enjoy various amenities including a swimming pool, gymnasium, spa, convenience store, as well as a food & beverage outlet.

With the addition of Ascott Sentral Kuala Lumpur, Ascott has a total of 953 apartment units across eight properties in Malaysia. Ascott Sentral Kuala Lumpur is the second Ascott-branded property in the country, after Ascott Kuala Lumpur which opened in 1999. The company has five other properties in Kuala Lumpur – Somerset Seri Bukit Ceylon, Somerset Ampang (opening in 2010) and three properties for corporate leasing. Elsewhere in Malaysia, travellers can also experience Ascott’s Somerset Gateway when they are in Kuching.

Source: The Edge, 10 Nov 2009