Westport Capital, Tenacity Real Estate, Sell Macau Real Estate

By Jonathan Marino — 5 years ago

Connecticut-based Westport Capital Partners and Hong Kong developer Tenacity Real Estate Group sold off a Macau, China office and retail building to an undisclosed buyer in a $125 million deal. The two partnered to acquire the property in 2006 and pumped $10 million in upkeep into it over the five-year hold. Specifics of the transaction were not revealed.