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Roxy-Pacific acquires commercial office building in Auckland for $62 mil

Property

Roxy-Pacific acquires commercial office building in Auckland for $62 mil

Samantha Chiew Published on Thu, Sep 28, 2017 / 6:52 PM GMT+8

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SINGAPORE (Sept 28): Roxy-Pacific is acquiring a commercial office building in New Zealand for a consideration of NZD63 million ($61.7 million).

Subsidiary Roxy-Pacific NZI entered into an agreement to acquire NZI Centre, a property located at 1 Fanshawe Street in Auckland.

The building is located in the western side on Auckland’s central business district with a leasehold tenure until Dec 31, 2036, which is perpetually renewable for 20 years.