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Oxley JV acquiring properties in Cyprus for $42 mil

PC Lee Published on Tue, Apr 11, 2017 / 5:52 PM GMT+8

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SINGAPORE (April 11): Oxley Holdings is acquiring properties in the Mediterranean island resort of Cyprus for $42 million.

Oxley Planetvision Properties, a 50%-owned joint venture company, has entered into a sale and purchase agreement to acquire the entire issued share capital of Flitous Properties and Jemina Properties from seller Bank of Cyprus.

Incorporated in Cyprus, Flitous Properties and Jemina Properties are the owners of certain properties located in the District of Limassol, Cyprus, with total area of 70,771 sqm and 25,677 sqm respectively.