MPO launches "The Waterside"

RNS Number : 7799G

Macau Property Opportunities Fund

08 February 2010

 



Macau Property Opportunities Fund Limited

("MPO" or the "Company")

MPO Launches "The Waterside"

Leasing campaign commences for premium residential asset

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, today announces the launch of the leasing campaign for its luxury residential tower located in Macau's premier mixed-use development, One Central*.

Marketed as The Waterside, the property's 59 apartments - all of which command unparalleled lake views - set a new standard in luxury accommodation in Macau. The Waterside will target the premium segment of the residential leasing market which is being driven by a renewed influx of expatriate executives seeking high quality, well-located accommodation in the city.

Based on the theme of "tailored luxury", all apartments have been enhanced and customised into three distinct styles created by award-winning Japanese designer, Yasumichi Morita. Residents will also benefit from fully flexible furnishing and service options.

CB Richard Ellis Group has been appointed to provide comprehensive principal leasing and bespoke concierge services to the project.

David Hinde, Chairman of MPO said:

"The launch of The Waterside sets a new benchmark for luxury accommodation in Macau and marks another significant milestone for MPO as we embark on the value creation phase of the Fund's investment cycle."

Further details

The Waterside

Occupying the entire Tower Six in One Central* Residences, The Waterside consists of 59 apartments including two duplexes and three simplexes. Unit sizes range from 2,270 square feet for a standard three-ensuite unit to 4,740 square feet for a duplex with balcony.

Apartments feature exclusive interior designs and furnishings by Japanese designer Yasumichi Morita and are luxuriously appointed with top-of-the-range appliances.

www.thewatersidemacau.com

One Central*

Jointly developed by Hongkong Land and Shun Tak Holdings, One Central* is located on the Macau Peninsula adjacent to the MGM Grand Macau and Wynn Macau casino/resorts. The mixed-use development comprises seven high-end residential towers, a five-star Mandarin Oriental hotel and a 400,000 sq ft luxury shopping centre.

Facilities at One Central* Residences include a state-of-the-art clubhouse with designated gym, sports and leisure areas, children-friendly play zones as well as Macau's first 50-metre infinity pool. Spacious parking facilities are also available.

www.onecentral.com.mo

GLAMOROUS Co., Ltd.

GLAMOROUS Co., Ltd. is helmed by award-winning Yasumichi Morita, who has 25 years of experience in the interior design industry. His signature designs include Hong Kong's W Hotel and the Michelin three-starred Châteaux Restaurant Joël Robuchon in Tokyo.

www.glamorous.co.jp

CB Richard Ellis Group

Headquartered in Los Angeles, USA, and with offices in more than 300 locations worldwide, CB Richard Ellis (CBRE) is a leading international real estate service employing 30,000 employees worldwide. 

With a strong presence and extensive network in Macau and China, CBRE offers strategic advice and services ranging from property sales and leasing to facilities and project management.   

www.cbre.com

*Disclaimer: "One Central" is a trademark registered in Macau SAR under the name of Basecity Investments Limited. Sniper Capital Limited, Macau Property Opportunities Fund limited, MPOF Macau (Site 5) Limited and "The Waterside" are not associated with Basecity Investments Limited, Shun Tak Holdings Limited or Hongkong Land Holdings Limited.

- Ends -

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited, which raised £105 million in a placing and commenced trading on AIM in 2006, is a closed-end investment fund registered in Guernsey. The Company's investment policy is to provide shareholders with an attractive total return through investing in property opportunities in one of the world's fastest growing and most dynamic regions - Macau and the Western Pearl River Delta of Southern China.

The Fund is managed by Sniper Capital Limited, an independent investment manager that specialises in property investment opportunities in niche, undervalued and developing markets.

For further information:

Website: www.mpofund.com

Public Relations

Hogarth Partnership Limited

Simon Hockridge / Andrew Jaques 

Tel: [phone]

Nominated Adviser & Joint Broker

Collins Stewart Europe Limited

David Yovichic / Helen Goldsmith

Tel: [phone]

Joint Broker

Shore Capital Stockbrokers Limited

Dru Danford

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers Limited

Mark Huntley / Laurence McNairn

Tel: [phone]

Manager

Sniper Capital Limited

Daisy Tang, Corporate & Investor Communications

Tel: [phone]

Email: [e-mail]

www.snipercapital.com

Stock Codes:

Bloomberg:  MPO LN

Reuters: MPO.L

 

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