SINGAPORE (July 24): The Ascott, CapitaLand’s serviced residence unit, is acquiring an 80% stake in Synergy Global Housing, a leading accommodation provider in the US where it leases apartments from partners and property owners to rent to corporate clients.

The net asset value of the stake was valued at US$4.7 million (S$6.4 million or RM20.13) as at June 30.

In particular, this investment will give Ascott... (Click here to read the full story.)

For more stories, download pullout here for free.

  1. UEM Sunrise injects Johor land into JV with CapitaLand to expand Nusajaya Tech Park
  2. CapitaLand Malaysia Trust's NPI doubles in 3Q, announces 1.01 sen DPU
  3. CapitaLand buys industrial properties from Dynaciate for RM80m