Friday, November 23, 2007

Ascott adds in Malaysian capital

THE Ascott Group (Ascott) has signed a conditional agreement to purchase a 208-unit serviced residence from HSC Properties for RM112.5 million (US$33,173,866).

The property will be named Somerset Ampang when it opens in Kuala Lumpur in the first half of 2010. When completed, the serviced residence will be part of an integrated development which will house medical, heart and diagnostic centre, HSC Medical Centre.

The high-end medical centre will be separately owned and managed by HSCP. It will occupy five levels of the 23-storey development with amenities such as a medical spa, restaurant and cafe.

Finance and investment deputy CEO, Mr Chong Kee Hiong, said: "Somerset Ampang will cater not only to the needs of business travellers but also to visitors of the medical centre who require post-treatment accommodation, as well as their accompanying families and friends."

Source : TTG
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