Property Acquisition: Vacant Possession

RNS Number : 1675F

Macau Property Opportunities Fund

18 February 2015

 



18 February 2015

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Property acquisition: vacant possession and final payment

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that it has received vacant possession of its recently acquired residential property, a luxury private house located in Macau's exclusive neighbourhood of Penha Hill, resulting in a final payment to the seller of HK$15.8 million (US$2.04 million) or 10% of the gross purchase price.

--Ends--

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$536 million portfolio comprises a mix of well-positioned residential and retail property assets.

The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory.

For further information:

Company Registration Number 44813

Website: www.mpofund.com 

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques / James Morgan

Tel: [phone]

Manager

Sniper Capital Limited

Tel: [phone] (Investor Contact)

Tel: [phone] (Fund Advisor)

Email: [e-mail]

www.snipercapital.com

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: [phone]

Stock Codes:

Bloomberg:    MPO LN

Reuters:      MPO.L

 

END

 

 

ACQGGUBAPUPAGQM