Roxy-Pacific to buy $43m resort property in Maldives

It will be financed by internal funds and bank loans.

The property firm has made a significant stride in the tropical nation as it acquires the leasehold interest of the Kudafunafaru island at Noonu Atoll in Maldives.

According to a press release by Roxy-Pacific, the acquisition will be subject to the standards of the government of Maldives together with all assets, property, rights, economic interests and obligations.

“The Acquisition is on a vacant possession basis and does not involve the transfer of any business obligations. The Acquisition is subject to certain conditions, including the Company’s ability to obtain approval from the Government of Maldives for the sale and purchase of the head leasehold interest in the Property,” the press release said.

The press release added that the acquisition will be financed by internal funds and bank borrowings (where appropriate) and is not expected to have a material impact on the Group’s consolidated earnings and net tangible assets per share of the firm for the current financial year.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia