Roxy-Pacific acquires Sydney property

SINGAPORE - Property group Roxy-Pacific Holdings has acquired a 14-storey property in Sydney for A$81 million (S$ 83.49 million) through an indirectly-owned subsidiary.

The site in Sydney's central business district, is freehold property sprawling 1,190 square metres with a net lettable area of approximately 12,571 square metres.

The property has potential to be a stable source of rental income for the group, the company said in a released on Friday.