Ascott launches first The Residence property in Germany

George Sell George Sell Uploaded 10 April 2019

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Germany: Ascott The Residence is set to make its German debut in 2022 within the RIVERPARK Tower, Frankfurt.

The Ascott Limited will lease 5,200 square metres of rental space from German Estate Group in Frankfurt within the upcoming RIVERPARK Tower, which will see the creation of 100 serviced apartments.
 
The space, set to operate under the name Ascott Riverpark Tower Frankfurt, will begin construction early next year and is expected to be completed in 2022.  Ascott Riverpark Tower Frankfurt will be located over five floors and will feature a fitness room and spa, with each serviced residence comprising of a fully equipped kitchen, living space and modern amenities. The tower block itself will offer panoramic views over the city with an ideal waterfront location.

The RIVERPARK Tower will occupy a prime location overseeing Frankfurt's Main river, ideal for both corporate and leisure travellers, with Frankfurt Central Station and the Westhafen Tower located within five minutes walking distance to the property. Frankfurt International Airport is a 15-minute drive away, east of the tower.

Rosen Architekten has been commissioned to design the space, a Frankfurt-based architectural office, headed up by Oana Rosen, who will design the apartments, as well as the lobby and lounge. The building itself is designed by German-born architect Ole Scheeren.
 
"It's always been on our agenda to expand the Ascott The Residence offering beyond Asia, and it's great to see this European footprint begin within Frankfurt, an exciting metropolitan hub that also includes our Citadines Apart'hotel brand," said Ngor Houai Lee, Ascott's managing director Europe. "As demand continues to grow for modern and convenient serviced apartments within key business districts, the "Ascott The Residence" brand offers a blend of state-of-the-art amenities with stylish decor in the hustle and bustle of the city, alongside luxurious standards of service, which you can find throughout our portfolio of properties."
 
Ulrich Höller, CEO of GEG German Estate Group AG said: "With one of our key focuses being project development, we are excited to offer this coveted space to world-renowned The Ascott Limited and to be part of bringing the "Ascott The Residence" brand to Germany for the first time. This first-class project is going to be a major asset within Frankfurt upon completion in 2022, and will add a new dimension to the heart of Europe's economic and financial powerhouses."

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