Synergy Adds Cork to its Ireland Portfolio

Freshly renovated and furnished in a converted period building, the self-contained serviced apartments provide much needed supply to inventory-starved Cork

Dublin, IE, 25 July 2023 — Synergy Global Housing (Synergy), a serviced accommodation programme management leader, announced the acquisition of five self-contained serviced apartments on Saint Patrick Street in Cork, Ireland. The new property adds the city of Cork to the company’s growing Ireland portfolio, which comes as a relief to Synergy’s global corporate clients and relocation partners as recent stay volumes have spiked and continue to outpace available apartments in a region notoriously short on prime supply.

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“To say these apartments will provide an immediate solution to our clients and partners would be an understatement”, said Synergy’s Charlotte Winter, General Manager, EMEA. “With more control over rates, we can deliver greater cost savings, especially during periods of limited supply in an area home to many of the globe’s largest businesses across industries spanning tech, cybersecurity and pharmaceuticals. Synergy Patrick Street offers these companies a prime city centre location, effectively eliminating commute times for professionals travelling to the area”.

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“With more control over rates, we can deliver greater cost savings, especially during periods of limited supply in an area home to many of the globe’s largest businesses across industries spanning tech, cybersecurity and pharmaceuticals. Synergy Patrick Street offers these companies a prime city centre location, effectively eliminating commute times for professionals travelling to the area”.

- Charlotte Winter

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Synergy Patrick Street comprises three stylish and newly renovated one-bedroom apartments and two open-plan studio apartments. The new offerings make for a comfortable and convenient base for business travellers, interns, project groups and assignees in one of Cork’s most central and sought after locations. Each apartment provides guests everything they need to live like a local, whilst in Cork.

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The new property will also offer clients direct carbon reporting via Synergy’s partnership with GreenFeet, a sustainability partner that manages and tracks Synergy's carbon emissions and journey to carbon neutrality.

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Apartment Amenities:

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• Two open-plan studios each with a balcony
• Three one-bedroom apartments (one of which comes with a balcony, walk-in wardrobe and fully set-up office)
• Secure entry
• In-unit Washer/Dryer
• Fully equipped kitchen
• Built-in storage and wardrobes

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Synergy Services:

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• Meet & greet service
• Self-check-in
• Generous welcome pack
• Weekly housekeeping
• Complimentary WiFi

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Location Highlights:

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The apartments are just a short walk from the River Lee and its surrounding amenities, including many supermarkets, fashion outlets, bars, restaurants and cultural attractions. Cork’s commercial hub and a bus stop are steps from the location, providing reliable connections to the city’s surrounding points of interest.

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Average Travel Time from Synergy Patrick Street to Cork Hubs:

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• Cork business district — 5 minutes (walking)
• St Patrick’s Street retail hub — 2 minutes (walking)
• Cork Airport — 25 minutes (public transport)

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“As we strategically expand our presence throughout EMEA, our goal is to provide top-tier apartments with great walkability in high-growth locations,” said Winter. “We want to make it easy for our clients to conduct business across their key locations, and part of that is looking at ways we can make thoughtful acquisitions aligning with their needs. It starts with location but encompasses all facets of our client’s requirements, including environmental footprint and delivering an exceptional guest experience”.

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About Synergy Global Housing

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Founded in 1999, Synergy is an international serviced accommodation provider headquartered in San Ramon, CA, delivering a superior hospitality-driven extended-stay experience to the business travel and mobility industries. Providing best-in-class housing and services in over 2,000 cities in more than 85 countries, the company has offices in China, Singapore, India, England, Ireland and multiple locations throughout the United States.

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Recognized globally, Synergy’s recent awards include: The 2023 Institute of Travel Management (ITM) recognition for Service Excellence; 2023 Best Serviced Apartment Provider, Excellence in ESG Initiatives and Excellence in Talent Development, Diversity & Deployment from Relocate Global; 2023 and 2021 Company of The Year from the Corporate Housing Provider’s Association (CHPA); 2022 Operations Team of the Year from the Business Travel People Awards; and the 2021 Corporate Housing Provider of the Year from the Forum for Expatriate Management (FEM) for both the U.S. and EMEA regions.

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Synergy is a member of The Ascott Limited (Ascott), a leading international lodging owner-operator based in Singapore. Spanning more than 220 cities in over 40 countries, Ascott’s serviced residence and hotel brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Préférence, Fox, Harris, POP!, Vertu and Yello. Ascott is a wholly-owned subsidiary of CapitaLand Investment Limited (CLI), one of Asia’s largest diversified real estate groups headquartered and listed in Singapore and Malaysia. Today, Ascott boasts close to 40 years of industry track record and award-winning brands that enjoy recognition worldwide.