FLATIRON BY MERIDIAN CAMBODIA – IN PHNOM PENH CITY CENTRE
⭐APARTMENT HOTEL MANAGED BY THE ASCOTT WITH 85% GUARANTEED RENTAL RETURNS OVER 10 YEARS
⭐GRADE A OFFICES WITH 95% GUARANTEED RENTAL RETURNS OVER 10 YEARS
⭐10 YEAR BUYBACK OPTION BY DEVELOPER
⭐LOCATED IN PHNOM PENH CITY CENTRE (PRIME CBD LOCATION)
⭐MINS TO CAMBODIA RAILWAY STATION, BANK HEADQUARTERS AND GOVERNMENT OFFICES
⭐ATTRACTIVELY PRICED FROM US$88K
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Flatiron by Meridian is an upcoming 41 storey tall freehold development (Grade A offices and Hotel Suites) developed by Meridian International Holdings nestled in the heart of Phnom Penh city centre. Inspired by New York’s greatest architecture, Flatiron, Meridian International Holding aims to deliver and introduce the same high standards designs and specifications to the capital of Cambodia. Flatiron by Meridian will showcase the creativity of the new generation yet retaining the essence of Flatiron in New York city and modernizing with massive contemporary glass structure and state of art interior facilities.
Flatiron by Meridian will consist of 272 units of offices spaces and 330 units of Apartment Hotel. The Apartment Hotel will be managed by an international renowned service apartment operator – Citadines by Ascott. This marks the arrival of supreme housekeeping services at international standard previously unavailable in Phnom Penh. A host of private services and luxurious amenities reflect the lifestyle of those who call. The Apartment Hotel will also come with 85% Guaranteed Rental Return over 10 years whereas the Offices will come with 95% Guaranteed Rental Return over 10 years with developer buy-back option at year 10.
FLATIRON BY MERIDIAN PROJECT INFORMATION
|Development Name||Flatiron by Meridian|
|Developer||Meridian International Holding|
|Site Address||Lot 549, Sangkat Srah Chak, Daun Penh, Phnom Penh, Cambodia|
|A Premium and Luxurious 41-Storey Mixed Development (Grade A Offices and Hotel Apartments)|
|2nd half of 2021|
|Site Area||3,181 sqm|
|No. of Units||272 unit of office spaces, 330 unit of apartment hotel|
|Unit Sizes||See Below|
|Sales Package||1. Offices - 95% GRR over 10 years
2. Hotel Apartments - 85% GRR over 10 years
|Stamp Duty||4% of Purchase Price|
|Unit Type||Type||Unit Size||Indicative Price Guide|
|Hotel||Apartment Hotel||25.6 – 28.67 sqm||from US$125K|
|Studio||Apartment Hotel||47.92 – 54.56 sqm||from US$215K|
|1 Bedroom||Apartment Hotel||59.34 – 92.89 sqm||from US$270K|
|2 Bedroom||Apartment Hotel||127.55 – 157.17 sqm||from US$660K|
|Office||Grade A Office||57.12 – 215.83 sqm||from US$319K|
Meridian International Holding is a multinational group of companies with a strong base in the textiles & garment business and property investment is no stranger to Cambodia. With over 70 years combined experience in manufacturing and marketing operations in Hong Kong, China, Europe, Singapore, Japan and Cambodia, the group has been investing and conducting business in Cambodia for many years. It has invested over $100 million, providing jobs for more than 1,000 people across its business units and is continuing to fund and grow the group’s contributions in Cambodia.
Meridian International Holding’s impressive credentials originate from its unwavering attitude towards providing quality product through innovative thinking supported by keen attention to detail coupled with service excellence propelled by its vision to materialise a strong Meridian brand that is here to stay.
Meridian International Holding’s founder and CEO, Mr. Ko Sek Yan is a strong believer in values and has been instrumental in building the group since the 1980s. “We strive to develop products with good value, delivering quality properties with sophisticated designs at prime locations”, he said.
Meridian International Holding’s co-founder, Mr. Salomon Wolf, who hails from Germany, revealed that the group has been investing in Cambodia’s real estate market since the beginning of 2010. Wolf, who is very much involved in the group’s business in Cambodia, is a very successful entrepreneur with a strong acumen for business development.
Track Records in Cambodia – Casa Meridian and Skylar by Meridian
THE MANAGING COMPANY / HOTEL OPERATOR
The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators. It has more than 58,000 operating units in key cities of Asia Pacific, Europe, the Middle East, Africa, and the U.S., as well as about 43,000 units which are under development, making a total of over 101,000 units in 670 properties.
The company’s brands include Ascott, Citadines, Citadines Connect, Somerset, Quest, The Crest Collection, lyf, Préférence, Vertu, Harris, Fox, Yello and POP!. Its portfolio spans more than 170 cities across over 30 countries. Ascott’s properties can be found in cities including New York, London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Melbourne and Perth in Australia, Bangalore and Chennai in India; Dubai, Doha and Manama in the Middle East as well as Ghana in Africa.
Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore 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 over 30 years of industry track record and award-winning serviced residence and hotel brands that enjoy recognition worldwide.
Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers’ Choice Awards 2019 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2019 for ‘Best Serviced Residence Operator in China’; World Travel Awards 2018 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2018 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2018 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2018 for ‘Best Luxury Serviced Residence Brand’. For a full list of awards, please visit https://www.the-ascott.com/ascottlimited/awards.html.
As an employer, The Ascott Limited is proud to be recognised by Tripartite Alliance for Fair & Progressive Employment Practices (TAFEP) as a Human Capital Partner (HCPartner), and commended for our efforts in investing in human capital development and adopting fair and progressive workplace practices.
Ascott’s parent company, CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth S$91 billion as at 31 March 2018, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.
CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.
FLATIRON BY MERIDIAN LOCATION MAP
Flatiron Meridian is located in one of the prestigious spot of Phnom Penh City Centre. It is truly at the heart of the vibrant city of Phnom Penh where international talents meet with local expert.
Location: Phnom Penh City Centre (Prime CBD Location)
- 2 minutes to Mega Mall – a 7 Storey Tall Shopping Mall with cinema, ice-skating rink and many branded retail shops
- 3 minutes to Cambodia Railway Station – The first in Cambodia which has direct access to Phnom Penh International Airport
- 5 minutes to Vattanac (High End Hotel, Office and Retail Mall) and Canadia Tower
- 10 minutes to Central Market and Wat Phnom
- Surrounded by various amenities such as International Schools, Health Care, Government Institutions, Shopping Malls and Hotels
About Phnom Penh City Centre: 111.6-hectare development strategically located in the centre of the city. The development was conceptualized to transform Phnom Penh’s city landscape into a modern, sustainable, commercial and leisure hub with world class facilities purpose-built for both local and overseas businesses and investors. Through the creation of new facilities and spaces, the development will create opportunities for the growth of commerce, culture, arts and sports in the Phnom Penh City Center. By 2025, the new PPCC district will be home to over 56,000 residents and more than 190,000 daily visitors. More information at: http://www.ppcc.com.kh/
WORLD CLASS FACILITIES
LIMITLESS FREEDOM OF COLLABORATION
The entire commercial concept of office taking into consideration the freedom from every kind of barrier, whether between people or users, by customizing a perfect place to enjoy convenient access to world class working and meeting facilities, exceptional venues for seminars and corporate events. Flatiron office are designed in 5 unique concepts;
MADE FOR LIVING THE DREAM
Managed by leading international service residence owner operator. Flatiron by Meridian has 13 storeys of service/hotel apartments that offers a vibrant lifestyle apartment hotel concept conceptualized by the local culture and world class housekeeping standard. A wide range of apartment configuration welcome a fully customized living experience and in many different excellent interior designs for selection.
FLATIRON BY MERIDIAN SALES PACKAGE
THE FLATIRON BY MERIDIAN – REGISTER FOR THE LATEST UPDATES AND VVIP DISCOUNTS
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VVIP REGISTRATION FORM
Disclaimer: Regulated by CEA. All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. Any overseas investment carry additional financial, regulatory and legal risks. Investors are advised to do the necessary checks and research on the investment beforehand. Details of Guaranteed Rental Returns (if any) will be accompanied with the respective Sales and Purchase Agreement.