27 Apr

Ascott Donates 250,000 Baht to Thai Red Cross Children’s Home

Bangkok, Thailand, 27 April 2012 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has donated 250,000 baht to the Thai Red Cross Children’s Home. The Home, which is located in Nakornpatom province, takes care of children who have been abandoned at the Chulalongkorn Memorial Hospital, Queen Sawangvatana Memorial Hospital and other Thai Red Cross agencies. Ascott’s donation will go towards supporting the educational and developmental needs of these underprivileged children.
Ascott has raised the sum of 250,000 baht through the sale of limited edition Christmas key cards at its eight serviced residences in Bangkok – Ascott Sathorn, Citadines Sukhumvit 8, Citadines Sukhumvit 11, Citadines Sukhumvit 16, Citadines Sukhumvit 23, Somerset Lake Point, Somerset Park Suanplu and Somerset Sukhumvit Thonglor – in December 2011.
Mr Valter Narminio, Ascott’s Area Manager for Thailand, said: “Ascott believes in giving back to the local communities. We have embarked on a number of initiatives in countries where we operate to support the educational, healthcare and shelter needs of underprivileged children. It is always heartwarming to see the happy faces of these children. We hope to be able to improve their lives through our small contribution.”
Besides the donation, Ascott’s staff visited the Thai Red Cross Children’s Home and spent time with the children, playing games and planting vegetables in their garden. Ascott’s staff also presented the children with gifts such as school bags, educational books, stationeries, toys, a playground set and snacks. 
Mr Wanchai Butdama, Director of the Thai Red Cross Children’s Home, said: “On behalf of the Thai Red Cross Foundation and all the children at the Thai Red Cross Children’s Home, I would like to thank Ascott for their donation and gifts. Their generosity will provide these children with hopes for a better future.”

About The Ascott Limited

The Ascott Limited is the world’s largest international serviced residence owner-operator with about 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as about 8,000 units which are under development, making a total of more than 29,000 units.

The company operates three brands – Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across more than 20 countries, 15 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific’s first international-class serviced residence in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 28-year industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Recent awards include DestinAsian Readers’ Choice Awards 2012 ‘Best Serviced Apartment in Asia Pacific’, TTG China Travel Awards 2012 ‘Best Serviced Residence Operator in China’, TTG Travel Awards 2011 ‘Best Serviced Residence Operator’, Business Traveller Asia-Pacific Awards 2011 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence in Asia-Pacific’ as well as Business Traveller UK Awards 2011 ‘Best Serviced Apartment Company’.

About CapitaLand Group

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company’s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.


Joan Tan, Assistant Vice President, Corporate Communications

Tel: (65) 6500 3401    

HP: (65) 9743 9503    

Email: joan.tan@the-ascott.com


Jasmine Sim, Assistant Manager, Corporate Communications

Tel: (65) 6500 3404    

HP: (65) 9686 2859    

Email: jasmine.sim@the-ascott.com