Joint Venture Invests in a Sydney Building for $158 Million

A recent Sydney CBD sale demonstrates the continuing strength of the commercial property market.

In a sale arranged by Colliers International and JLL, 59 Goulburn Street, Sydney has sold for $158 million. The vendor was a subsidiary of Roxy-Pacific Holdings. Roxy-Pacific was established in 1967 and listed on the Singapore Exchange in 2008. Its main focus is the development and sale of residential and commercial properties. 

The purchasers were I-Prosperity Pty Ltd and Toga D&C Pty Ltd….