01-12-06 Speymill Macau Property makes 116.5 mln usd maiden investment in Macau property AFX UK Focus
LONDON (AFX) - Speymill Macau Property Company PLC, the Macau-focused residential investment property company, said it has bought 243 residential units in a waterfront project for 116.5 mln usd, its first investment in the country.
The AIM-listed company said around 30 pct of the price will be settled immediately in cash, another 10 pct in the next 12 months and the remainder on completion of the development.
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Established to invest primarily in the high quality residential property market of Macau
