23 Mar '15, 11pm

#singapore #property Roxy-Pacific increases Aussie presence: Roxy-Pacific Holdings is g...

#singapore #property Roxy-Pacific increases Aussie presence: Roxy-Pacific Holdings is g...

Comment E-mail to friend Bookmark & Share Roxy-Pacific Holdings is growing its presence in Australia after securing a joint venture agreement with Australia-based superannuation fund Hostplus to acquire a 4.4ha site in Perth, Australia for A$59 million. This is the homegrown developer’s second such joint venture with Hostplus and involves rezoning the industrial site in North Fremantle for residential and commercial uses. The land parcel is located next to Leighton beach and a train station with direct access to Perth’s central business district. Roxy-Pacific will provide 40 percent of the funding for the acquisition and the rest will come from Hostplus. Both companies had earlier invested on similar terms in purchasing two adjoining sites in South Brisbane, to be developed into two residential buildings of 432 units with retail, restaurant and office spaces on the ground ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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