<article>In multiple real estate related developments, Metro Holdings, First Sponsor and  Roxy Pacific have struck deals to acquire properties.</article>

In multiple real estate related developments, Metro Holdings, First Sponsor and  Roxy Pacific have struck deals to acquire properties.
Metro Holdings JV acquires London property
Metro Holdings has formed a 50:50 joint venture (JV) with Singapore-based Lee Kim Tah Group to acquire a freehold office property at 5 Chancery Lane in London for £80.8 million (S$148.2 million), a filing said.
The transaction will be financed by internal funds and bank borrowings. The property comprises 84,836 sq ft of office and ancillary facilities over eight floors currently fully leased until 2023. It is located in a central and traditional office location in the heart of Midtown Central London.
<h3>First Sponsor acquires stake in Hotelmaatschappij Rotterdam BV</h3>
First Sponsor’s subsidiary, FS NL Holdings, along with four other investors, is acquiring the 8,500 issued shares in Hotelmaatschappij Rotterdam BV, from Park Intermediate Holdings for €50.4 million (S$81.5 million), according to a filing with the SGX.
First Sponsor is financing the transaction with existing internal cash resources and committed credit facilities.
Hotelmaatschappij Rotterdam BV currently owns the 254-bedroom Hilton Rotterdam Hotel in the Netherlands.
<h3>Roxy Pacific acquires prime property</h3>
Roxy-Pacific Holdings has acquired a prime District 10 property for re-development through an en bloc sale, an SGX filing said. Its subsidiary RP Ventures and JV partner TE2 Development entered into a conditional agreement to acquire The Wilshire for a consideration of S$98.8 million.
TE2 Development is a private family office of Tong Eng Group’s Managing Director, Teo Tong Lim. RP Ventures, TE2 Development and Kim Seng Holdings are taking stakes of 40 per cent, 45 per cent and 15 per cent respectively in the development.
Roxy-Pacific will finance the acquisition through internal funds and bank borrowings.
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Metro Holdings buys a London office, First Sponsor acquires a stake in Hilton Rotterdam and Roxy Pacific purchased prime residential property.

SG Realty: Metro buys London property; First Sponsor & Roxy Pacific acquisitions

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SG Realty: Metro buys London property; First Sponsor & Roxy Pacific acquisitions

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