The winning bid for Genting’s prime Miami real estate could be one that hit almost $1.5 billion – a potential record for this kind of sale
Genting Received Multiple Bids Over $1B for Miami Property
A Bloomberg article detailed that there was a total of 5 offers exceeding $1 billion. The bids were international, with a variety of plans for the future of the waterfront land – from high-end condos or office spaces to situating an entertainment destination there.
The Malaysian gambling giant hasn’t announced a final decision yet; however, it was reported that three candidates would be shortlisted before that comes to fruition.
Genting Ready for a Large Profit
Genting’s Miami property sale could be finalized within weeks. The Malaysian operator started marketing their decision to sell the 16 acres of prime real estate back in November 2022, so attracting five bids over $1 billion is an achievement in and of itself. The parcel was home to the Miami Morning Herald newspaper and sits across Miami Beach on Biscayne Bay.
Genting Received Multiple Bids Over $1B for Miami Property
A Bloomberg article detailed that there was a total of 5 offers exceeding $1 billion. The bids were international, with a variety of plans for the future of the waterfront land – from high-end condos or office spaces to situating an entertainment destination there.
The Malaysian gambling giant hasn’t announced a final decision yet; however, it was reported that three candidates would be shortlisted before that comes to fruition.
Genting Ready for a Large Profit
Genting’s Miami property sale could be finalized within weeks. The Malaysian operator started marketing their decision to sell the 16 acres of prime real estate back in November 2022, so attracting five bids over $1 billion is an achievement in and of itself. The parcel was home to the Miami Morning Herald newspaper and sits across Miami Beach on Biscayne Bay.