Roxy Pacific to acquire Melbourne commercial site for $76 mil through Australian JV

SINGAPORE (Nov 20): Roxy Pacific is proposing to acquire a freehold property based in Melbourne, Australia, for A$74.14 million ($76.1 million) via its new joint venture (JV) company, TE2 Roxy Australia.

The property, which is located minutes from Melbourne’s Central Business District (CBD) at 312 St Kilda Road, Southbank, comprises an office building with lower- and ground-level accommodation; a conference centre; six upper levels of commercial office accommodation; and four levels of basement car parking.

It is situated on a site area of 1,906 sqm with a net lettable area (NLA) of about 9,854 sqm.

---

Related Stories

• CDL sells 20% of Union Square Residences by end of Nov 9 at an average price of $3,200 psf
• Metro adds another 25% stake in Fairbriar Real Estate for GBP18 mil
• CDL jointly acquires mixed-use development site in Shanghai for RMB8.94 bil with Chinese partner Lianfa Group

---