Roxy-Pacific to sell Sydney property for $166.4 mil

SINGAPORE (April 10): Roxy-Pacific Holdings has found a buyer for its property at 59 Goulburn Street in Sydney, Australia.

Wholly owned subsidiary, Roxy-Pacific Goulburn, has entered into a heads of agreement with I-Prosperity Group and Toga D&C to sell the property to the latter for AUD158 million ($166.4 million).

Under the heads of agreement, the proposed sale is subject to the findings of the due diligence exercise to be carried out by the purchaser as well as definitive sale agreements that the parties may enter into.

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