Rua do Laboratório
An entry level residential redevelopment property located in northern Macau Peninsula.
Sniper Capital sold Rua do Laboratório project – an entry level residential redevelopment property located in northern Macau Peninsula – to a local Macau developer in April 2011. The agreed sale price of US$41 million translates to a return on investment of 84% or net project internal rate of return of 15%.
Project details
Acquisition date | November 2006 |
Project type | Redevelopment |
Divestment date | April 2011 |
Location | Macau Peninsula |
Sector | Residential (entry-level) |
Est. gross floor area | 220,000 sqft/ 20,440 sq m |
Current status | Exited |
Underlying fund | MPO |