Frasers Property Vietnam unveils first industrial development

09:18 | 17/05/2021
Multi-functional real estate developer Frasers Property Vietnam has unveiled its first industrial development in the country, named Binh Duong Industrial Park.
frasers property vietnam unveils first industrial development
BDIP, the ideal address for today's industries. Masterplan aerial view artist's impression.

Located in southern economic hub of Binh Duong province, well connected to the National Road No.13 and main seaport, Binh Duong Industrial Park (BDIP) is set to be the ideal industrial and logistic hub for foreign direct investment and leading national enterprises.

According to Lim Hua Tiong, CEO of Frasers Property Vietnam, harnessing the group’s strong capabilities and experiences in industrial property development and deep understanding of the Vietnamese market has been built through decades of in-market experience.

“Global manufacturers are flocking to Vietnam as the effective control of the pandemic and the effect of the EU-Vietnam Free Trade Agreement leverages the opportunity of strong macro conditions. We are set to build modern and sustainable industrial development to extend our presence in the Vietnam industrial sector,” said Lim.

Being modern, dynamic, and sustainable is the unique concept allowing the conceptualisation and merging of related, inter-dependent industrial activities with business operations.

“We are leveraging our expertise in design and master planning to ensure BDIP contributes to the wellbeing of the local community, as well as a work-and-live balance environment with recreations and amenities that will target to fill the current market gap,” he added. “Particularly, Binh Duong’s location attractiveness and maturity is well-known to both domestic and foreign industrial players.”

Especially BDIP will be developed in line with Group’s strategy on setting a goal to green-certify 80 per cent of all its owned and managed assets by 2024 and to achieve net-zero carbon by 2050.

BDIP will focus on target customers in logistics and distribution, light and supporting industries, high-tech industries, and other non-polluted manufacturing industries.

It offers built-to-suit solutions with one-stop design and builds fit for customers looking for bespoke facilities.

Meanwhile ready-built facilities (RBF) with standard and high-quality specifications are suitable for investors looking for quick production startup. Over 200,000 square metres of completed facilities are expected to be delivered in the next 6-7 years. For the first phase of development, BDIP will develop 40,000sq.m of RBF and schedule to hand over to tenants by Q2 of 2022.

After many years of investment in the country, Frasers Property Vietnam has been focusing on the development of residential and commercial properties as well as hospitality. With BDIP, Frasers Property Vietnam is expanding its portfolio into a segment of high potential in the property market.

Besides that, Frasers Property Vietnam’s presence includes Melinh Point, a Grade A boutique office building in District 1 of Ho Chi Minh City, and Q2 Thao Dien – a luxury mixed-use development in District 2. Frasers Property’s hospitality business also has a presence in Vietnam, with Fraser Suites Hanoi and Capri by Fraser.

Building a sustainable platform and focusing on its people and the community, Frasers Property Vietnam is poised to achieve growth and become one of the key players in the country with a fully integrated real estate platform.

Headquartered in Singapore, Frasers Property trades on the main board of the Singapore Exchange Limited (SGX). The group has total assets of approximately S$39.2 billion as of March 31 It also sponsors real estate investment trusts including one stapled trust, two of which are also listed on the SGX.

Frasers Property’s multinational businesses operate across the asset classes of residential, retail, commercial and business parks, and industrial and logistics as well as hospitality. The group has businesses in Southeast Asia, Australia, Europe, and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities and 20 countries across Asia, Australia, Europe, the Middle East, and Africa.

For BDIP leasing enquiries, please email the sales team at sales.bdip@frasersproperty.com

By Bich Ngoc

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