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