Senado Square Project Granted Urban Condition Plan

RNS Number : 9427X

Macau Property Opportunities Fund

12 May 2016

 

12 May 2016

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Senado Square Project Granted Urban Condition Plan

Macau Property Opportunities Fund Limited is pleased to announce that the Land, Public Works and Transport Bureau of Macau has granted an Urban Condition Plan (UCP) for the Company's retail redevelopment project located in the Senado Square district of Macau.

The UCP is an official government document that stipulates the approved redevelopment parameters for a property, including site area, height and plot ratio.

Receipt of the UCP is a necessary precursor to submission of the architectural drawings for the project, expected to be made in the next few weeks.

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About the Project

Senado Square is MPO's flagship retail development project, well-located in Macau's prime UNESCO-listed shopping precinct.  The new development, designed by renowned architectural consultant, Arquitectonica, will adopt a contemporary and sustainable design concept. Upon completion, this iconic development will boast some 65,000 sq ft of retail and F&B offerings.  

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and mainland China's western Pearl River Delta. Its current portfolio comprises a mix of well-positioned residential and retail property assets.

The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory. 

For further information:

Company Registration Number 44813

Website: www.mpofund.com 

Investor Relations

Sniper Capital

Doris Boo

Tel: [phone]

Public Relations

MHP Communications

Andrew Jaques / Simon Hockridge / Kelsey Traynor

Tel: [phone]

Corporate Broker

Liberum Capital

Richard Bootle / Jonathan Wilkes-Green

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: [phone]

Stock Codes:

Bloomberg:    MPO LN

Reuters:      MPO.L

 

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