HANOI, Vietnam, 04 Jul. 2022 (GLOBE NEWSWIRE) — Vietnamese industrial real estate is becoming an attractive market for domestic and international investors. Earlier this year, Singapore-based GLP, Asia’s largest warehouse operator, announced the launch of its first logistics development fund in Vietnam with an investment capacity of $1.1 billion.
Meanwhile, Gaw NP Industrial, a real estate investment fund jointly established by Hong Kong-based Gaw Capital Partners and Vietnamese property developer NP Capital Partners, plans to deploy at least $300 million in equity to operate the demand and the underlying growth potential of Vietnam’s industrial real estate sector.
Compared to other countries, Vietnam has more favorable conditions with more affordable property prices and many new projects that will increase supply in the future, experts said.
In addition, political stability, abundant investment opportunities and local government support, as well as the country’s administrative reform efforts are also other factors that attract investors to Vietnam over China, India, in Thailand, etc.
According to the Ministry of Planning and Investment, in 2021, Vietnam has 575 industrial zones established in 61 provinces and cities and is the destination of thousands of enterprises from 122 countries and territories around the world.
Not only are foreign property developers seizing the opportunity, local developers are also actively engaging in the market. Aurora IP is one of the most attractive industrial real estate projects in northern Vietnam.
Developed by one of Vietnam’s leading real estate developers, Cat Tuong Group, Aurora IP provides a total phase 1 area of about 520 hectares, aims to build one of the leading industrial parks specializing in textile dyeing with an orientation of green – clean – sustainable development.
Aurora IP is located in a convenient position, within the planning of Ninh Co economic zone which covers 14,000 hectares with complete infrastructure such as airport, seaport and power supply facilities.
Equipped with a wastewater treatment system with a capacity of 110,000 m3/day night and a surface clean water system with a capacity of 170,000 m3/day night, Aurora IP has a complete infrastructure and synchronous to invest in the construction of high-tech infrastructure factories, meeting the strict requirements of the textile dyeing process.
In 2020, Aurora IP entered into two agreements with a total investment exceeding $200 million for land lease agreements with two FDI investors to develop high-tech textile and dyeing projects, proving its attractiveness and unique value in as a well-invested industrial park.
“The industrial real estate market in Vietnam is very dynamic. As local developers, we believe we have the ability to understand real estate growth in Vietnam as well as future infrastructure developments. Although it is a local developer, Aurora IP is well-designed with international standards, ready to meet the strict requirements of foreign investors. It is a crucial force that will help us stay ahead and stand out from the crowd in the medium to long term,” said Mr. Tran Quoc Viet – Chairman and CEO of Cat Tuong Group.