- Summary of "Vinata Towers Project" (Phase 1) -

Daiwa House Industry Co., Ltd. of Osaka and Taisei Corporation of Tokyo have embarked on rental housing business in Hanoi, Vietnam. The two companies established DT Development Vietnam LLC, a joint venture, in the Vietnamese capital on September 20, 2016. In conjunction with this, they have launched the Vinata Towers Project (working name), which is a multipurpose development project. The following is an outline of Phase 1 of this project.

The Vinata Towers Project is a real estate development project that is to be carried out in two phases in the Cau Giay District of Hanoi. Phase 1 is to comprise the development of serviced apartment (a serviced apartment with total of 256 condo units) and Phase 2 is to consist of the multipurpose development of offices, serviced apartment and commercial facilities. At present, Phase 1 construction of the framework for the aboveground portion of the building is underway. Construction is slated to be completed by June 2018.

Image: Rendering of completed project (Phase 1 construction: center building)

(http://prw.kyodonews.jp/prwfile/release/M000427/201610125237/_prw_OI1fl_Rdq9t73H.jpg)

Main points

1. Development, design, construction, and management of serviced apartment by a Japanese construction company in Hanoi, Vietnam

2. (Phase 1) 256-unit serviced apartment project with diverse public facilities

(Documentation: http://www.daiwahouse.com/English/about/release/pdf/release_20161013_e.pdf)

About Daiwa House Industry Co., Ltd.

Head office: Osaka, JAPAN

President: Naotake Ohno