The Company will focus on investing in property opportunities primarily in Macau, but also potentially in the Western Pearl River Delta region and, in exceptional circumstances, greater China. The Company‘s portfolio is likely to comprise of residential, retail, leisure and industrial properties but investment in office and other property are possible if suitable and attractive opportunities are available. The Company’s investment strategy is to focus on property that requires refurbishment, redevelopment, change of use or repositioning. In addition, the decision whether the property is sold after redevelopment or held for investment purposes will be taken by the Company in light of the market conditions and the availability of other investment opportunities at the time. Properties will typically only be targeted if the Manager believes that they offer the potential for an IRR of over 20%.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Sniper Capital Management
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Heritage International Fund Managers Ltd
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Property - Direct Other
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Closed Ended Investment Company
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