APAC Logistics Centre & Cove Residence
WAREHOUSING & LOGISTICS / ENTRY-LEVEL RESIDENTIAL
APAC Logistics Centre and Cove Residence are neighbouring developments, and both were jointly divested in 2014.
MPO divested its first mainland China investment project, APAC Logistics & Cove Residence, for a total consideration of c. US$65 million in 2014.
The sale generated a net profit of US$29 million, which translated into an internal rate of return of 21%.
Property Details
| Property Type | Investment / Development |
| Location | Zhuhai, China |
| Gross Floor Area | 1.5 million sq ft |
| Description | Warehousing / logistics and residential property divested in February 2014 |