The historic Taipa Village will see six new property projects that will introduce an additional 50,000 square feet (4,645 square metres) of commercial space, with “progressive completion” scheduled for 2025, Asia-based real estate investment firm Sniper Capital Limited said in a statement yesterday.
The firm was established in 2004 and has offices in Macau and Hong Kong, according to its website. Yesterday’s statement noted that it manages and advises on a range of property assets in Macau and Portugal valued at approximately US$400 million. It has “spearheaded” the revitalisation of Taipa village for the past two decades.
The new project will feature “expansive al fresco terraces and flexible layouts” designed for F&B and retail operations, the statement said. The flagship project, which is a five-storey building, covers over 30,000 square feet (2,787 square metres) and has a 50-metre frontage. It is set to offer retail and restaurant facilities, with the design inspired by the site’s history.
Meanwhile, the five other projects will take on a more contemporary design and add 20,000 square feet (1,858 square metres) of commercial space, according to the statement.
Taipa Village Destination Limited is an affiliate of the firm. The statement quoted the destination development and marketing company’s Managing Director Pamela Chan (陳詠璇) as saying: “With the additional space our projects are bringing to the area, combined with the surge in younger visitors to this vibrant district, Taipa Village is set for an exciting decade as it continues to evolve as one of Macau’s top destinations”.
This artist’s rendition released yesterday by Sniper Capital shows its flagship project at Taipa Village.
