Roxy-Pacific buys two Sydney sites for A$67.4m

Singapore

ROXY-PACIFIC Holdings' overseas expansion is gathering pace with yet another property acquisition in Australia within a short span of time.

The homegrown boutique developer said on Tuesday that it has acquired two residential development sites - No 14 Cowper Street and No 8 Elger Street, Glebe, south-west of the Sydney CBD - for a total of A$67.38 million (S$68.38 million). The purchase was made through wholly owned indirect subsidiary Roxy Gordon Pty Ltd.

Just few days earlier, it announced the acquisition of a 14-storey freehold commercial building in Sydney for A$81 million through a 50 per cent indirectly owned associate company. It also purch…