Rodyk acts for the purchasers, a consortium of investors led by niche property developer Roxy-Pacific Holdings and including Macly Capital, Pinnacle Assets, Fission Holdings and architect Chee Hsian Sing, in the acquisition of Marina House (a 21-storey office block) located in Shenton Way from the Hong Leong Group for S$148 million. Each party will have a 20 percent share in the purchase. Marina House has an 8.4 plot ratio and will be converted to a 42-storey residential development and involve the topping up of the leasehold interest.

Macly, Pinnacle and Fission are boutique developers whose projects include Thomson V in Upper Thomson, RV Edge in River Valley and Alexis in Alexandra Road respectively. An architect with more than 20 years' experience, Chee has worked with Fission on several joint developments. Real estate partner Norman Ho leads this transaction assisted by partners Chou Ching and Low Boon Yean.