Speymill Macau Property Company plc will sell AIA Tower to American International Assurance Company (Bermuda) Ltd., the company announced.
The announcement follows a previous one dated November 18, where Speymill had already announced a provisional agreement to sell the grade-A office, but didn’t mention the name of the buyer.
The aggregate consideration for the AIA Tower is HK$1.26 billion (US$162 million).
The total deposit for the sale of the property is HK$252 million.
The remainder of the purchase price will be paid at the closing for the sale of the property, which is to take place no later January 31, 2012, Speymill announced.
|
| Other Macau Latest News |
|
| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
|
| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
|
| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
|
| Property experts say prices in Ilha Verde area could go up 10-fold |
| Headlines |
|
| The company’s president and CEO has had his contract extended until August next year |
|
| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
|
| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
|
| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
|
24°C ~ 30°C | Fri 
No Comments
No comments yet.
Sorry, the comment form is closed at this time.