Real estate market has become busier with a large number of merger & acquisition (M&A) deals recorded in the last two quarters of 2017(Source: Internet) Hanoi (VNA) - The real estate market has become busier with a largenumber of merger & acquisition (M&A) deals recorded in the last two quarters.
According to Savills Vietnam, one of the most significant deals was CapitaLandGroup’s acquisition of a 0.6ha commercial site in downtown HCM City for thefirst grade-A international mixed-use project in Vietnam.
The project will receive disbursements from a 500 million-USD fund targetingcommercial assets in Vietnam, which was set up by the Singaporean developer inNovember last year.
CapitaLand also announced the acquisition of a 90-percent stake in a 0.8hectare project in Thao Dien, one of the most popular residential areas in HCMCity, to develop over 300 apartments. This move was part of CapitaLand’sstrategy to expand housing development in Vietnam.
Another Singaporean developer, Keppel Land, spent 846 billion VND (about37 million USD) to increase its stake by 16 percent in the Saigon Centreproject located in the heart of the southern economic hub.
A series of other M&A deals between domestic and foreign investors were reportedduring the reviewed period.
Hongkong Land became a strategic partner of the HCMC Infrastructure InvestmentJSC (CII) in developing residential projects in Thu Thiem New Urban Area. Meanwhile,An Gia Investment Group and Creed Group of Japan continued to acquire fiveapartment blocks of the La Casa project in District 7 worth 910 billion VND (40million USD) from Van Phat Hung Group.
According to Stephen Wyatt, country head ofJones Lang LaSalle Vietnam (JLL), M&A deals in the real estate market may soar in 2017 as Vietnam isbecoming an attractive destination for more and more domestic and foreigninvestors.
According to Savills Vietnam, one of the most significant deals was CapitaLandGroup’s acquisition of a 0.6ha commercial site in downtown HCM City for thefirst grade-A international mixed-use project in Vietnam.
The project will receive disbursements from a 500 million-USD fund targetingcommercial assets in Vietnam, which was set up by the Singaporean developer inNovember last year.
CapitaLand also announced the acquisition of a 90-percent stake in a 0.8hectare project in Thao Dien, one of the most popular residential areas in HCMCity, to develop over 300 apartments. This move was part of CapitaLand’sstrategy to expand housing development in Vietnam.
Another Singaporean developer, Keppel Land, spent 846 billion VND (about37 million USD) to increase its stake by 16 percent in the Saigon Centreproject located in the heart of the southern economic hub.
A series of other M&A deals between domestic and foreign investors were reportedduring the reviewed period.
Hongkong Land became a strategic partner of the HCMC Infrastructure InvestmentJSC (CII) in developing residential projects in Thu Thiem New Urban Area. Meanwhile,An Gia Investment Group and Creed Group of Japan continued to acquire fiveapartment blocks of the La Casa project in District 7 worth 910 billion VND (40million USD) from Van Phat Hung Group.
According to Stephen Wyatt, country head ofJones Lang LaSalle Vietnam (JLL), M&A deals in the real estate market may soar in 2017 as Vietnam isbecoming an attractive destination for more and more domestic and foreigninvestors.
Investors are seekingopportunities to pour billions of dollars into the local property market thisyear, he said.
Not only in the housing segment, M&A activities have also been seen inresort property projects, notably Malaysia-based Berjaya Land’s disposal of 70percent of stake worth 14.65 million USD in a four-star resort in Phu QuocIsland to Sulyna Hospitality.-VNA
Not only in the housing segment, M&A activities have also been seen inresort property projects, notably Malaysia-based Berjaya Land’s disposal of 70percent of stake worth 14.65 million USD in a four-star resort in Phu QuocIsland to Sulyna Hospitality.-VNA
VNA
