Roxy-Pacific Holdings

[greengiraffe]

http://www.businesstimes.com.sg/companie...cted-units

Roxy relaunching Trilive with 8% price cut on selected units
By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
5 Nov5:50 AM
Singapore

PROPERTY and hotel group Roxy-Pacific Holdings, which posted a 23 per cent drop in third-quarter net earnings, is relaunching its freehold Trilive condo in the Kovan area, with price reductions of about 8 per cent on selected units.

To date, the group has sold only 20-odd

[Tiggerbee]

http://www.businesstimes.com.sg/companie...cted-units

Roxy relaunching Trilive with 8% price cut on selected units
By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
5 Nov5:50 AM
Singapore

PROPERTY and hotel group Roxy-Pacific Holdings, which posted a 23 per cent drop in third-quarter net earnings, is relaunching its freehold Trilive condo in the Kovan area, with price reductions of about 8 per cent on selected units.

To date, the group has sold only 20-odd

Half hearted price cuts. They got to give more discounts to move sales.

[greengiraffe]

Singapore’s Roxy Pacific acquires $59m Fremantle site
THE AUSTRALIAN MARCH 25, 2015 12:00AM

Kylar Loussikian

Journalist
Sydney
Roxy Pacific in Freemantle deal
Roxy Pacific has swooped on a site next to North Fremantle’s Leighton Beach Source: News Limited

Singapore-listed Roxy Pacific has swooped on a second development site in a joint venture with Australian superannuation fund Hostplus, securing a beach-side property in North Fremantle for $59 million.

The purchase of the 45,456sq m site comes less than a month after Roxy Pacific and Hostplus purchased two prominent South Brisbane properties with approval for two 30-storey residential towers, offices and shops from Brisbane-based Aria Property Group for $33.6m.

Spanning 64 Peel Street and 9 Cordelia Street, the 2597sq m South Brisbane parcel has approval for 432 apartments.

The Fremantle site, located next to Leighton Beach, will be 40 per cent owned by Roxy Pacific and 60 per cent owned by Hostplus, which is being represented in the venture by Australia’s largest private property fund manager, ISPT.

Teo Hong Lim, chief executive of Roxy Pacific, said the acquisition, the company’s fourth in Australia, indicated confidence in the local market.

“For all overseas projects, we will maintain a prudent stance, working closely with experienced and reputable partners who complement our strengths and provide the relevant synergies,” he said.

The Fremantle property was identified by Perth-based Pindan, which will provide development management once approval has been granted.

Roxy Pacific purchased its first property, an office block in Sydney’s CBD, for $90m last April, and has since purchased another site in Perth for $17m.

The 19,586sq m Sydney CBD tower, at 59 Goulburn Street, was sold by the unlisted Charter Hall Office Trust. Finance house Ashe Morgan was also interested in the building, teaming up with developer Toga, before Roxy Pacific acquired the building.

There has been strong interest in Australia from Singaporean developers, including Far East Organization, Aspial and Fragrance Group.

[greengiraffe]

Roxy Pacific seeks more sites
THE AUSTRALIAN APRIL 15, 2015 12:00AM

Lisa Allen

Property & Tourism Reporter
Sydney

Acquisitive Singapore developer Roxy Pacific has assumed control of three Australian companies and unit trusts as vehicles to purchase more hotel development sites. It has told the city-state’s stock exchange that it also plans to engage international hotel operators to run its Australian accommodation portfolio.

Roxy Pacific has been buying real estate assets in Brisbane, Sydney and Perth, where it recently snapped up a development site, purchasing a beachside property in North Fremantle for $59 million. Roxy Pacific bought the site in a joint venture with Australian super fund Hostplus, which is being represented by property fund manager ISPT.

In January, Roxy Pacific purchased a site at 609 Wellington Street, Perth, which has approval for a 332-room hotel to be managed by Marriott International under the Courtyard brand — the first Courtyard-branded property in the West Australian capital.

Roxy Pacific first entered the Australian market a year ago with the purchase of a $90m office block fronting
59 Goulburn Street, Sydney.

In a statement to the Singapore stock exchange, Roxy Pacific said the new entity, Roxy Pacific Hotels group, would buy a series of developments in Australia and use modular construction technology to build the hotel portfolio.

[butcher]

Who are their auditors?

[xis]

According to latest AR, auditor is Foo Kon Tan LLP.
Should see more upside as Centropod@Changi has obtain TOP in January 2005.
Will see good result for 1Q15.

vested!

[greengiraffe]

http://www.businesstimes.com.sg/companie...for-a1565m

ROXY-PACIFIC Holdings on Wednesday said its subsidiary has entered into contracts to buy the land at 6A and 8 Buckingham Road, Killara New South Wales, Australia, for A$15.65 million (S$15.69 million).

The properties have a freehold tenure with a land area of about 3,792.2 square metres. The vendor of the properties has obtained development approval to develop two residential flat buildings comprising 43 apartments and 63 residential car spaces.

[Thaddy0103]

Hi
Is there any gurus here that are vested on this counter?
Seen that it had gone about doing a lot of acquisitions for the past 2 years leveraging highly.
Having said that it growth in these periods cannot be ignored especially when compared to it peers.
Be grateful if any gurus monitoring this counter or vested in it can share some views.

[cyclone]

Proposed Sale of 59 Goulburn Street, Sydney, Australia

Roxy-Pacific Holdings announced that Roxy Goulburn and One Investment Management Pty Limited as trustee for RECAP IV Management No. 5 Trust, being the affiliate of Real Estate Capital Partners IV L.P managed by SC Capital Partners Pte Ltd, have today entered into a definitive sale and purchase agreement for the Proposed Sale at a sale price of AUD158,000,000, the completion of which will be subject to the conditions under the definitive sale and purchase agreement being satisfied. The sale price was arrived at on a willing-buyer, willing-seller basis.

[cyclone]

Proposed Sale of 117 Clarence Street, Sydney, Australia

Roxy-Pacific Holdings Limited announced that its indirect associate company, Feature-Roxy Pty Ltd, has entered into a non-binding Heads of Agreement with an Australian domiciled institutional investor (the "Purchaser") to sell the property located at 117 Clarence Street, Sydney Australia to the Purchaser at a price of AUD153,000,000. The Proposed Sale is subject to the findings of the due diligence exercise to be carried out by the Purchaser pursuant to the non-binding Heads of Agreement, obtaining of board approvals by the parties, as well as the definitive sale agreement(s) that the parties may enter into.