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Ascott, the wholly-owned serviced residence business unit of CapitaLand, shared the opening of Somerset Maslak Istanbul with Turkish Prime Minister Binali Yildirim during an IE Singapore-hosted luncheon as part of his first official trip to Singapore.
Its first serviced residence in Turkey, the 165-unit Somerset Maslak Istanbul forms part of the new Maslak 1453 – the biggest lifestyle development complex in Europe spanning over two million sq m. It is ideally situated within the city’s major commercial hub, which is home to various multinational companies like Ford, Cisco and Ericsson as well as educational institutions such as Istanbul Technical University and Nisantasi University.
The property is also within a 10-minute drive to several popular leisure destinations including the mall Istinye Park, sports stadium Türk Telecom Arena and integrated development Istanbul Sapphire.
Strategically located at the crossroads of Asia, Middle East and Europe, Turkey is an “attractive market for foreign investors and we see significant potential to expand in the country with Ascott’s international brand of serviced residences”, said Ascott chief corporate officer Tony Soh.
“The Singapore-Turkey Free Trade Agreement will also spell more trade opportunities and collaborations for these two countries. As the financial hub of the country, Istanbul is a natural choice for multinational corporations setting up headquarters in Turkey. Tourism is also a significant contributor to the country’s GDP. With Ascott’s expertise in managing award-winning serviced residences worldwide, we expect strong demand for our first property in Turkey and look forward to welcoming guests to experience Somerset Maslak Istanbul,” he added.
Ideal for travellers on holiday with their family or on business trip, Somerset Maslak Istanbul offers flexibility for short and long-stay, with their studio to four-bedroom apartments.
Each unit boast a fully-equipped kitchen, separate workspace and living area as well as wireless internet connection. Facilities include a gymnasium, swimming pool, residents’ lounge, children’s playroom and breakfast room.
This article was edited by Denise Djong.
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