Roxy-Pacific takes 45% stake in A$74.1m purchase of Melbourne building

Singapore

ROXY-PACIFIC Holdings has taken a 45 per cent stake in a joint venture that is acquiring a Melbourne office building for A$74.1 million (S$76 million).

The freehold building at 312 St Kilda Rd in Southbank sits on a 1,906 square metre site with net lettable area of about 9,854 sq m, said Roxy-Pacific, a Singapore-listed property developer and investor. It has lower and ground level accommodation, a conference centre, six upper levels of commercial office accommodation and four levels of basement cark parking, and is minutes from Melbourne's central business district.