Ascott buys 20% in Australia’s Quest for $25.4m

CapitalLand-owned service apartment operator, The Ascott, has acquired a 20% stake in the Australia-based Quest Serviced Apartments. The deal is valued at $25.4 million.
The Ascott, which based out of Singapore, has the option to pick up an additional 10% stake in Australia’s largest serviced apartments provider.

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