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Published Thu, Dec 7, 2017 · 09:50 PM

Roxy-Pacific Holdings | Buy (Upgrade) Dec 7 close: S$0.53 Target price: S$0.60 OCBC Investment Research, Dec 7

Roxy-Pacific announced that it will acquire for A$33 million (S$34 million) a six-storey commercial and retail building in Melbourne's Central Business District.

We understand that it is in a mixed-use zone and Roxy intends to redevelop the property to a mixed-use development comprising hotel and retail units.

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