The Ascott Limited (Ascott) and Overseas Cambodian Investment Corporation (OCIC) are collaborating to oversee the management of Somerset Diamond Bay Garden Phnom Penh.
The second Somerset property in Cambodia, and a first in partnership with OCIC through this agreement, Somerset Diamond Bay Garden Phnom Penh is located south-east of Phnom Penh, nestled within the Diamond Island project, Koh Pich.
The property offers a comprehensive serviced residence experience, complemented by a range of nearby amenities such as international schools, hospitals, shopping malls, and a convention centre, making Somerset Diamond Bay Garden Phnom Penh an ideal choice for both short-term and long-term stays.
Thierry Tea, vice president of OCIC, stated: “As a legacy developer, OCIC Group is incorporating some touch of innovation through key partnerships, such as Ascott with the Somerset brand, to get closer to global standards.”
David Cumming, regional general manager of Vietnam, Cambodia & Myanmar, Ascott, shared: “This new agreement expands Ascott’s presence in Cambodia to six properties spanning more than 1,200 units. We hope that this collaboration will set a positive precedent for future endeavours between Ascott and OCIC.”
