FBM London will pay AHMUK an estimated amount of $22.5 million for Citadines Trafalgar Square London, $11.0 million for Citadines Barbican London and approximately $18.5 million for Citadines Holborn-Covent Garden London as fees for the management services provided by AHMUK.
The manager of CapitaLand Ascott Trust (CLAS), on Oct 3, announced that the REIT has entered into several interested person transactions (IPTs).
The IPTs include the renewal of each of the serviced residence management agreements for Citadines Trafalgar Square London, Citadines Barbican London, Citadines Holborn-Covent Garden London between a subsidiary of the REIT, FBM London and Ascott Hospitality Management (UK) Ltd (AHMUK).
