Project Description

The Senado Square retail development is located in the heart of Macau’s shopping district and UNESCO-listed heritage site.

Sniper Capital’s London-listed fund, MPO, sold its flagship retail development project for a total consideration of c. US$102 million in March 2018. The disposal represented a 541% gain over the acquisition cost and an internal rate of return of 20%.

Project Details

October 2007

Acquisition date

Redevelopment

Project type

March 2018

Divestment date

Macau Peninsula

Location

Retail

Sector

70,000 sq ft

Est. gross floor area

Exited

Current status

MPO

Underlying fund