Frasers Hospitality Pte Ltd Opens in Osaka

First International Serviced Residence opens in the heart of business and entertainment district in Osaka

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. October 01, 2010

SINGAPORE - 29 September, 2010 - Frasers Hospitality Pte Ltd (Fraser), the hospitality arm of property group Frasers Centrepoint Limited, a wholly-owned subsidiary of Fraser and Neave, Limited today announced the opening of the all-new, 114-unit Fraser Residence Nankai Osaka, one of 12 new properties this year under both the Fraser brand, and its second brand, Modena.

Located right in the centre of the popular entertainment and cultural district of Namba and within easy reach of the city's top gourmet restaurants, shopping centres and key business complexes, the 14-storey solar panelled, Fraser Residence Nankai Osaka is a short walk from the massive Namba station transport hub - which has direct access to Kansai International Airport, and the surrounding cities of Kyoto and Nara. It is owned by Nankai Electric.

Railway Co., Ltd, one of the city's most established conglomerates with an extensive real estate, transportation and retail portfolio.

Fraser Residence Nankai Osaka opens close on the heels of Fraser Suites Seef, Bahrain, Fraser Place Kuala Lumpur, Fraser Residence City, London, Modena Heping Tianjin and Modena Putuo Shanghai, with Fraser Residence Orchard Singapore, Frasers Suites Jakarta, Fraser Suites New Delhi, Fraser Residence Budapest, Fraser Suites Chengdu and Modena Jinjihu Suzhou to follow later this year.

“This new Osaka property is vital to our growing international network as it is a major gateway to the Kansai region, the cultural and historical heart of Japan”, said Mr Choe Peng Sum, Chief Executive Officer, Frasers Hospitality Pte Ltd

“And the fact that we are the first international-class serviced residence operator in the market reflects the city's growing importance as a centre for medical, chemical and pharmaceutical corporations, creating strong demand for mid to long-term accommodation from the multi-nationals who have operations in Osaka”, he added.

As with all Fraser-branded serviced residences, Fraser Residence Nankai Osaka is uniquely suited to the needs and desires of expatriates in Osaka on short, medium and long-term stays. It has been built as a sustainable property with eco-friendly facilities utilising energy-saving and environmentally-friendly technologies for better insulation and energy management. Configured in spacious, stylish studios, one and two-bedroom units, every apartment also comes complete with a fully equipped kitchenette, clothes washer and dryer, state-of-the-art WI-FI connectivity and a comprehensive home entertainment system.

In addition, residents can enjoy a full range of facilities including a 24/7 gym fitted with the latest equipment, modern steam and sauna rooms, an all-day cafe and a business lounge that offers internet stations and a dedicated meeting room. Specialist services include round-the-clock reception, dedicated concierge and security services with full security including keycard access for elevators and in-room electronic safe.

Fraser Residence Nankai Osaka brings to 35 the number of properties currently managed by Frasers - a total of 5,000 individual residences in 21 cities worldwide. And, with another 6,000, residences on the drawing board, the company is on course to manage more than 10,600 individual residences by 2012.