Core5 Vietnam breaks ground on its second world-class industrial project in Quang Ninh

Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation (Japan) started construction of the Core5 Quang Ninh project in DEEP C Quang Ninh 2, Quang Yen Economic Zone in the northeastern province of Quang Ninh, on March 29.
Core5 Vietnam breaks ground on its second world-class industrial project in Quang Ninh ảnh 1The groundbreaking ceremony of Core5 Quang Ninh project in DEEP C Quang Ninh 2, Quang Yen Economic Zone in northeastern province of Quang Ninh. (Photo courtesy of the firm)
Quagn Ninh (VNS/VNA) - Indochina Kajima, a joint venture betweenIndochina Capital and Kajima Corporation (Japan) started construction of theCore5 Quang Ninh project in DEEP C Quang Ninh 2, Quang Yen Economic Zone in thenortheastern province of Quang Ninh, on March 29.

The project will deliver a total of 69,000sq.m world-class ready-builtindustrial space for lease. Handover of the first factories is expected inMarch 2024.

Given its prime and strategic location, Core5 Quang Ninh offers beneficialconvenient accessibility to its tenants. The site is only a 2-hour drive to MongCai International Border with China, 14 kilometres to Lach Huyen InternationalDeepwater Port, 20 kilometres to Cat Bi International Airport and has directaccessibility to Hanoi via the Hai Phong Highway.

The project provides ready-built factories or lease with terraced design andworkshop/warehouse areas ranging from 2,835sq.m up to 18,194sq.m. Each unitwill be equipped with the Core5 Vietnam signature curved curtainwall office,necessary utilities, firefighting and protection system in the factory area,dry loading bays, and car plus motorbike parking area.

For the first time, Core5 Vietnam will offer 2-storey factories, oftenpreferred by electronics manufacturers. In addition, Core5 Quang Ninh willfeature rooftop solar panels, outdoor areas with health and wellness elements,canteen areas, and as the standard for all projects, water and energy efficientsystems following LEED Certified green building design.

Speaking at the groundbreaking ceremony, Keisuke Koshijima, RepresentativeDirector and Executive Vice President of Kajima Corporation said: “Quang Ninhis a core growth engine in the Northern key Economic Region as Vietnam’s onlyprovince having land and sea borders with China. This province shows greatpotential for cross-border trade, sea trade and commercial services and willserve as a major regional intermodal hub for the processing, manufacturing, andlogistics sectors. Quang Ninh also stands out as a promising destination forFDI investment thanks to its improved investment environment, proven by its 1stranking in the Provincial Competitiveness Index for five consecutive years(2017-21). The province targets attracting over 1 billion USD worth of FDI in2023. I highly appreciate the vision and commitment of the authorities, and Ibelieve Core5 Quang Ninh will make a positive contribution to support theprovince to achieve the aforementioned goals.”

Peter Ryder, CEO of Indochina Capital said: “Core5 Quang Ninh will attracttenants looking for high-quality, sustainable and flexible property solutionsthanks to its strategic location, unique design and unparalleled internationalstandard services. Given its favourable geographical proximity to China’smanufacturing hubs, accessibility to modern highways and international deepseaports, the province has attracted large-scale manufacturers such as JinkoSolar, Boltun, Skoda, Stavian and Foxconn, generating the necessary presence oftop-tier suppliers for these companies. In addition, our expertise in luxuryhospitality for over 20 years and our attention to unique architecture providesa signature look for Core5 Quang Ninh and most importantly, contribute toimproving the working environment and tenant cost-savings as well asbest-in-class value-added services to ensure the smooth set up and accelerateestablishment for our clients.”

Core5 Vietnam, owned by Indochina kajima is a Vietnam-based industrial realestate investment and development platform focused on the nationwide roll-outof world-class factory and warehouse properties for lease throughout Vietnam’skey manufacturing and logistics markets./.
VNA

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