SINGAPORE (Jan 26): Roxy-Pacific Holdings has sucessfully acquired a prime District 10 property for redevelopment through an en bloc sale.

Subsidiary RP Ventures along with a JV partner TE2 Development have entered into a conditional agreement to acquire The Wilshire for $98.8 million.

TE2 Development is a private family office of Tong Eng Group’s Managing Director, Teo Tong Lim.

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