SG Realty: Roxy-Pacific Melbourne site; Aspen acquisition; SIIC Environmental acquisition

Singapore River skyline.

In multiple property related deals in the region, Roxy-Pacific has purchased a Melbourne property, Aspen Group has acquired land to build logistics properties and SIIC has bought two waste water treatment plants in China.

Roxy-Pacific acquires Melbourne property

Roxy-Pacific Holdings’ indirect wholly-owned subsidiary Roxy-Pacific Melbourne House, formerly known as Roxy-Pacific Wentworth, will acquire a freehold property in Melbourne for a consideration of A$33 million ($25.06 million).

Located at 360 Little Bourke Street in Melbourne’s central business district, the property is a 6-storeyed commercial and retail building known as Melbourne House with a total site area of approximately 937 sq m, and a current net lettable area of approximately 4,504 sq m.

Roxy-Pacific will redevelop the property into a mixed-use development, comprising a hotel and retail units. The proposed acquisition will be financed via internal funds and bank borrowings.

Aspen unit to acquire three plots for $46.4m

Aspen Group’s associated company Global Vision Logistics (GVL) has purchased three plots of leasehold industrial land for a total of RM 190 million ($46.4 million). Aspen’s wholly-owned subsidiary, Aspen Vision Properties,  owns 30 per cent stake in GVL.

The land plots are located in Shah Alam, Selangor, and span a total of 287,153 sqm. GVL will develop the land into a sustainable integrated logistics, warehousing and e-commerce hub.

Aspen expects the site to emerge as a strategic logistics hub in Malaysia following the completion of the proposed development, which will be financed through bank borrowings and internal resources.

SIIC acquires wastewater treatment plant in Dalian

SIIC Environment Holdings is acquiring two water treatment companies based in Dalian, China, for RMB 205.48 million ($31 million).

Through its subsidiary, SIIC Environment Holdings (Weifang) Co., in which it has a 75.5 per cent interest, has entered agreements with sellers Thunip Corp, and Zhang Li to acquire 52 per cent and 48 per cent of Dalian Ziguang Water Treatment Co. (DLZG) respectively. The aggregate consideration for the acquisitions is RMB 108.48 million.

Also Read:

Thailand: Singha Estate, Hong Kong Land co-invest in second realty development

SG Realty: Soildbuild REIT explores Australia investments; Ying Li offloads Chongqing stake

SG Realty: Keppel Land’s Thai JV; Natural Cool’s property sale; Chip Eng Seng’s Australia buys

India: Sunteck Realty to invest $232m in commercial leasing portfolio

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.