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The Ascott snags 80% stake in US corporate housing player

CEO says asset-light strategy is accretive in ROE and will underpin Ascott's future expansion

Singapore

MARKING its first foray into corporate housing and entry into the US West Coast, The Ascott Ltd is paying US$33.7 million for 80 per cent of Synergy Global Housing, which operates a large portfolio of leased properties.

The deal triples Ascott's portfolio from over 1,000

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