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Ascott acquires Synergy Global Housing for US$33.7m
Ascott acquires Synergy Global Housing for US$33.7m
MONDAY, JULY 24, 2017
THE Ascott Ltd, the wholly- owned serviced residence arm of Singapore’s CapitalLand, is acquiring an 80 per cent stake in Synergy Global Housing for US$33.7 million (S$46.7 million), thereby tripling Ascott's portfolio in the United States from more than 1,000 units to about 3,000 units.