The signings in Seville extend Ascott’s partnership with real estate developer Forty Management SA; Ascott is already managing a project with the latter under The Crest Collection in Bucharest. The two properties, a 250-unit lyf and a 120-unit Somerset property, will be part of the 12.5 hectares mixed-use mega project Lagoon City Seville.
The Ascott Limited has signed five new properties in Vienna and two in Seville. The move, which will add nearly 1,100 units, brings the company’s European portfolio to 64 properties in 26 cities.
The signings in Vienna, were with property developer VIE Trust Real Estate Group, where Ascott already has partnerships through Citadines South Vienna, lyf Schönbrunn Vienna and Somerset Schönbrunn Vienna. They will add 750 units across various brands.
