FOUR property firms and an architect have joined hands to buy a prime office building in the Central Business District (CBD) and convert it into apartments. They paid $148 million for Marina House at 70 Shenton Way, according to a press release from one of the companies yesterday. Roxy-Pacific Holdings said it has formed a consortium with Macly Capital, Pinnacle Assets, Fission Holdings and architect...
Marina House
ROXY-PACIFIC Holdings has taken a 20 per cent stake in the consortium started by Melvin Poh of Fission Group which recently signed a deal to buy Marina House at Shenton Way for $148 million. BT reported the sale of Marina House late last month. Besides Roxy-Pacific and Fission Holdings, the other three shareholders in the consortium are Macly Capital, Pinnacle Assets and Chee Hsian Sing. Mr Chee, an...
Main-board listed Roxy-Pacific Holdings and its partners have acquired the Marina House at Shenton Way for S$148 million. The deal was done through its wholly-owned subsidiary RL Properties, which has formed a consortium with four other companies, with an equal shareholdings of 20 per cent each. They include Macly Capital, Pinnacle Assets, Fission Holdings and Mr Chee Hsian Sing. Marina House, owned by...
Hong Leong Group has inked a deal to sell Marina House at Shenton Way for $148 million, BT understands. The buyer is believed to be a group led by niche property developer and investor Melvin Poh. Members of his consortium are said to include Victor Soh of Fortune Development. Market watchers suggest that Mr Poh, who also led the purchase of three ageing CBD office blocks last year with an eye to...