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BIZ GUEST

MULTI-PRONGED

INVESTMENT

APPROACH

Mr. Edwin Tan, Deputy CEO of Frasers Property
Vietnam, tells VET about the company’s performance to
date and its plans in the years ahead.

% Frasers Property has targeted growth the country for more than 25 years and we investments to establish and grow our indus-
opportunities to strengthen its position feel privileged and pleased to have been able trial portfolio in Vietnam. For now, we have
in each of its market segments and to to contribute to its growth over the years. set our sights on developing approximately
create significant value for customers Melinh Point, a Grade A office building in 1 million sq m of international grade indus-
and local communities. What opportu- the CBD of Ho Chi Minh City, is our first trial and logistics facilities in prime locations
nities does Frasers Property have in investment in the country since 1995. In across northern and southern Vietnam over
Vietnam? 2017, we developed Q2 Thao Dien, a presti- the next three to five years.
We are committed to creating long- gious mixed-use residential development in Recent highlights include Binh Duong
term value in Vietnam through our holistic the heart of District 2 in Ho Chi Minh City. Industrial Park in southern Binh Duong
and integrated investment and develop- Q2 Thao Dien was fully handed over in 2021, province, the anchor development in our
ment real estate platform. We have a and is now home to a thriving community of industrial portfolio in Vietnam, where we
proven track record in Vietnam across the residents and retail and office tenants. have completed, handed over, and fully
industrial and logistics, commercial, and Our Purpose - Inspiring experiences, leased the first phase of 40,000 sq m of
residential sectors as an investor, developer, creating places for good - continues to guide ready-built factories. We are now embarking
and asset manager. us as we shape spaces and connect as well on the next phase of development, com-
Vietnam is a key market within our Group’s as strengthen businesses and communities. prising an additional 64,000 sq m of ready-
portfolio. The Group has been investing in Since 2019, we have also made several built factories.
In the north, we have, together with
our strategic partner, expanded our indus-
trial presence to Bac Ninh, Hung Yen, and
Quang Ninh provinces to seize new oppor-
tunities. Not too long ago, in September,
we broke ground at the first phase of Indus-
trial Centre Yen Phong 2C in Bac Ninh,
and recently organized the soft launch of
Industrial Centre Yen My in Hung Yen.
In catering to robust demand for inter-
national-grade industrial facilities, we see
further opportunities to create long-term
value with sustainable industrial real
estate. We offer management services for
the Eco Logistics Centre in Binh Duong
province, providing about 42,000 sq m of
warehousing space to sustainability-
minded tenants. The facility is LEED-
certified, demonstrating our holistic
approach to building healthy, sustainable,
and high-performing work environments
+ Binh Duong Industrial Park, the anchor development of FPV’s industrial portfolio in Vietnam. in the industrial space for occupiers.

22 | VIETNAM ECONOMIC TIMES | FEBRUARY 2024 en.vneconomy.vn