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Roxy-Pacific snaps up two sites in Australia for A$67.4m

PROPERTY firm Roxy-Pacific Holdings on Tuesday said it plans to buy two vacant sites in Glebe, Sydney, Australia for A$67.4 million (S$68.9 million).

These are two city fringe residential development sites comprising a total land area of about 7,125 square metres, with a development potential of 248 residential units.

The acquisition will be financed by internal funds and bank borrowings.