The 60% interest is held by TE2 Group, the private family office of Mr. Teo Tong Lim, Tong Eng Group’s Managing Director.
SINGAPORE (July 7): Property group Roxy-Pacific Holdings has entered into a sale and purchase agreement to acquire a property located at 350 Queen Street in Melbourne, Australia for a consideration of A$145 million ($140.7 million) on Tuesday.
Roxy-Pacific’s indirect subsidiary, Roxy Australia Capital bought a 40% stake in TERoxy Commercial Trust I, a Singapore master trust at a committed capital of A$27.2 million based on an agreed projected capital contributions schedule.
