02 Mar '18, 3am

Singapore’s CapitaLand bets big on Vietnam’s commercial property sector at https://t.co/tUAzcDYff7

By Vi Vu &nbspMarch 2, 2018 | 10:35 am GMT+7 Skyscrapers in the crowded Hanoi, where Singapore developer CapitaLand is pouring money into a high-end project. Photo by VnExpress/Ba Do The new $130 million fund will be used for an integrated development at a prime site in downtown Hanoi. Singapore-based developer CapitaLand has set up a $130 million real estate fund in Vietnam, its second in less than two years aimed at strengthening the company’s foothold in its now third largest market in Southeast Asia. The fund was jointly launched with Singapore investment company MEA Commercial Holdings, and is CapitaLand’s second in Vietnam. The first closed at $300 million last year. The second fund is expected to run for eight years and focus on Grade A commercial properties in Vietnam, media reports said, citing a company statement. Its first development will be a $217-million, 25-...

Full article: https://www.talkvietnam.com/2018/03/singapores-capitaland...

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