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Ascott acquires S$192m freehold serviced residence in Sydney

Move is part of its strategy to grow its fund management portfolio through private equity funds, joint ventures and listed hospitality trusts

Published Thu, Sep 26, 2019 · 09:50 PM

Singapore

THE Ascott has acquired a freehold serviced residence in the central business district of North Sydney, for S$192 million through the Ascott Serviced Residence Global Fund, its global fund with Qatar Investment Authority (QIA).

The acquisition is part of Ascott's strategy to grow its fund management portfolio through private equity funds, joint ventures and listed hospitality trusts, Ascott ch…

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