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Ascott Residence Trust
Annual Report 2015
Belgium
Ascott Reit owns two freehold serviced residences
in Brussels. The 154-unit Citadines Toison d’Or
Brussels is located in the shopping district of
Avenue Louise, close to the Royal Palace and major
embassies. The 169-unit Citadines Sainte-Catherine
Brussels commands a prime location in the heart
of the historical city near the famous flower market
and Grand-Place, which has an impressive Flemish
baroque architecture.
The average length of stay at our properties in Brussels
is less than one month.
Properties
2
Units
323
Total Revenue (2015)
S$12.7 million
Total Gross Profit (2015)
S$3.4 million
Valuation as at
31 December 2015
S$56.9 million
Citadines Toison d’Or Brussels
Operations Review
