Business

Gelex, Frasers Property Vietnam to develop high-end industrial zones

Gelex recently collaborated with Frasers Property Vietnam to develop high-quality industrial zones in north Vietnam with a total investment of 250 million USD (6 trillion VND).
Gelex, Frasers Property Vietnam to develop high-end industrial zones ảnh 1Inside a Ready Built Factory of Frasers Property Vietnam. (Photo courtesy of the company)
Hanoi (VNS/VNA) - Gelex recently collaboratedwith Frasers Property Vietnam to develop high-quality industrial zones in northVietnam with a total investment of 250 million USD (6 trillion VND).

The goal of bilateral corporation isto develop high-quality industrial zones, meeting the greenconstruction standards in accordance with the extended needs of customersregarding the type of products, including Ready Built Factory (RBF), ReadyBuilt Warehouse (RBW), and Built to Suit (BTS).

The cooperation marks an important milestone, creatingopportunities for other plans of both companies in the future, especially thedevelopment of high-quality industrial zones. The upcoming projects aim atimproving labour productivity, healthcare for workers and improving Vietnam’sposition around the world.

“The collaboration with Frasers Property Vietnam obviouslyexpresses our investment orientation in the real estate, industrial zones andlogistics field, to provide stable and long-term cash flow for the businesses,”a Gelex representative said.

Frasers Property Vietnam is an experienced international companyspecialising in ownership, orientation, and development of diverse products andservices in the real estate field. The company is listed on Singapore StockExchange and has total assets of 40.2 billion SGD as of September 30, 2022.

Gelex Group, founded in 1990, is well-known for two main businessfields: industrial production and facility. It is also the owner of prestigiousVietnamese brands such as Viglacera, Cadivi, and Emic./.
VNA
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