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Ascott on track to exceed 80,000 units in global portfolio by 2020

PC Lee
PC Lee7/10/2017 10:46 AM GMT+08  • 2 min read
Ascott on track to exceed 80,000 units in global portfolio by 2020
SINGAPORE (July 10): CapitaLand recently announced that its serviced residence segment, The Ascott, will acquire for A$180 million ($191 million) an additional 60% stake in Quest Apartment Hotels.
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SINGAPORE (July 10): CapitaLand recently announced that its serviced residence segment, The Ascott, will acquire for A$180 million ($191 million) an additional 60% stake in Quest Apartment Hotels.


See: CapitaLand’s Ascott group acquires additional 60% stake in Quest Apartment Hotels for $191 mil

This will boost CapitaLand’s stake to 80% after which the group will become the largest serviced residence provider in Australasia.

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