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Roxy-Pacific Holdings To Acquire Property In Australia For AUD81 Million
Daily Bulletin | 04 December 2015
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Roxy-Pacific Holdings has entered into an agreement to acquire a property located at 117 Clarence Street, Sydney, Australia, for AUD81 million. The property is a 14 storey commercial building, with three street frontages, with views through the Sydney’s Central Business District and out to Darling Harbour.

It is a freehold property with a total site area of approximately 1,190 square meters, and net lettable area of 12,571 square meters. The property presents a prime investment opportunity and has potential to be a stable source of rental income for the group. The acquisition will be financed by internal funds and bank borrowings.

Roxy-Pacific Hldgs  0.375 -- --   
Business: Co invests in, develops, and sells residential and commercial, and hospitality properties. [FY18 Turnover] Property development (56.5%), hotel ownership (37.6%), property investment (5.9%).

Insight: Feb-19, FY18 revenue fell 46.2% to $132.9m due to ... Read More

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