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Ascott Residence Trust
Annual Report 2015
France
Ascott Reit has 17 freehold serviced residences in
France. Ten properties are located in the French
capital, Paris, while seven are based in the regional
cities of Cannes, Grenoble, Lille, Lyon, Marseille and
Montpellier. Our properties in Paris are in prime areas
near iconic landmarks such as the Louvre, Eiffel Tower,
Notre Dame and Seine River. The remaining seven
properties are all conveniently located in the cities’
central districts.
All 17 properties are on master lease arrangements
with Citadines SA, a wholly owned subsidiary of
Ascott, and their remaining terms vary between one
and three years.
Properties
17
Units
1,671
Total Revenue (2015)
S$35.1 million
Total Gross Profit (2015)
S$32.4 million
Valuation as at
31 December 2015
S$504.2 million
Citadines Suites Louvre Paris
Operations Review
