APAC Logistics Centre & Cove Residence is strategically placed to tap escalating demand for logistics and quality rental accommodation in the region.

The warehousing/logistics and residential projects also represent MPO’s first foray into mainland China.

In February 2014, Sniper Capital divested both projects for a combined price of US$64.7 million, generating a net profit of US$29 million.

Project details

Acquisition date August 2008
Divestment date February 2014
Project type Investment / Development
Location Zhuhai, China
Sector Warehousing & Logistics
Est. gross floor area 1.5m sqft/139,350 sq m
Current status Exited
Underlying fund MPO