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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results