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 Type||Investment / Development|
|Gross Floor Area||1.5 million sq ft|
|Description||Warehousing / logistics and residential property divested in February 2014|