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Teo Tong Lim's family office, Roxy-Pacific to acquire Melbourne office tower for A$145m
Co-owned TE Skyhigh Trust to be acquiring entity under agreement
Fiona Lam
Published Tue, Jul 7, 2020 · 09:50 PM
Singapore
MAINBOARD-LISTED property developer Roxy-Pacific Holdings and the private family office of Teo Tong Lim have joined hands to acquire a Melbourne office building for A$145 million (S$140.8 million).
Roxy-Pacific on Tuesday announced it had invested in a 40 per cent stake in Singapore master trust TE-Roxy Commercial Trust I at a committed capital of A$27 million, which will be financed by internal funds.
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