Japanese Investors Close to Closing Deal on Purchase of GPO, Tumon Sands

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Guam – Guam Premier Outlets [GPO] and Tumon Sands are on the verge of being sold to a Japanese investment group.

GPO General Manager Monty Mesa confirmed for PNC news that they “are actively engaged with a potential new owner. Nothing will be finalized until the end of the month,” he said.

GPO and Tumon Sands are currently owned by the Mills Group. Mesa said that the potential new owners are a Japanese investment group, but he declined to name them. 

“We are in due diligence with the potential new owner,” said Mesa. “They want to close by the end of the month.”

Mesa would not discuss the sales price or whether new management would be brought in.