VinaCapital, Vietnam’s leading property and investment management firm, has announced its takeover of VinaProjects, a Vietnam-based international real estate services firm.

After purchasing inProjectsGroup’s 50 percent stake in VinaProjects, VinaCapital will continue to maintain its strategic relationship with inProjectsGroup.

The CEO of inProjectsGroup, Matt Fletcher stated that selling VinaProjects is part of its strategy to refocus on core services and sectors that have a rapid growth rate.

VinaCapital has a total management capital of over 1.7 billion USD and currently manages three funds including VinaCapital Vietnam Opportunity Fund, Vinaland and Vietnam Infrastructure.-VNA