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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
Tuesday, July 25, 2017 - 05:50

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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