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Macau Property Opportunities Fund closes HK$800M sale of Macau retail asset

Macau Property Opportunities Fund Ltd. closed its HK$800 million sale of the Senado Square retail project in Macau to Ardent Success Ltd. and City Universe Ltd.

The diversified real estate investment trust realized a 469% return on investment and a 20% internal rate of return on the sale. According to a release, the trust intends to return at least 50% of the net profits from the transaction to shareholders.