PR97454

HAI PHONG, Vietnam, Aug. 22, 2022 /PRNewswire=KYODO JBN/ --

Indochina Kajima, a joint venture between Indochina Capital and Kajima

Corporation (Japan), held the groundbreaking ceremony for their Core5 Hai Phong

project in Deep C 2 Hai Phong Industrial Zone, Hai Phong, Vietnam. At

completion, the project will deliver a total of approximately 96,000m2

world-class ready-built factory and warehouse for lease. Handover of the first

factories and warehouse is expected in early Q2 2023.

Mr. Keisuke Koshijima, Representative Director and Executive Vice President of

Kajima Corporation, said "Hai Phong has made enormous infrastructure

investment, becoming a key link in the global logistics chain with Cat Bi

International Airport, Lach Huyen International Deepwater Port, and direct

accessibility to Hanoi via Hai Phong Highway, in the process attracting the

presence of many large-scale manufacturers, among them LG and Pegatron. In

addition, the economic growth of the province is very attractive as GRDP in H1

2022 increased by 11.1% YoY while foreign direct investment reached nearly

USD1.1 billion. We believe Hai Phong is an excellent location for investment

and ideal for the launch of Core5 Vietnam's first project.

Speaking at the event, Mr. Peter Ryder, CEO of Indochina Capital, said "Our

belief in Hai Phong market is supported by our investment into the hospitality

sector with Wink Hotel, Hai Phong and now in the industrial sector with Core5

Hai Phong. We believe in the current and long-term potential of this market

given the excellent economic fundamentals and the attractiveness of this

location for export processing enterprises, and its strategic location to

several key ports within northern Vietnam. This combined with the supply chain

shift from China to Vietnam bodes well for the manufacturing sector in northern

Vietnam in general, and Hai Phong in particular. Core5 Vietnam looks forward to

welcoming our first partners to this spectacular industrial facility which will

be developed with a commitment to quality, innovation, sustainability and

excellence in operations and service".

Core5 Hai Phong project provides ready-built factories and warehouse for lease

with terraced design and various unit sizes, ranging from 3,174 m2 up to 25,509

m2. As committing to sustainable development, the project design has been

implemented to optimize energy and water system efficiency, including the use

of solar panels. Each unit will be equipped with factory area, truck loading

zones, modular office and parking. The common areas will provide ample

circulation, green areas, and service areas to ensure tenants can maximize

productivity. In addition, to ensure the smooth client onboarding process,

Core5 Vietnam provides  turn-key support including fitting-out, accounting,

operations and business development.

Core5 Vietnam is committed to develop a nationwide portfolio of world class

industrial facilities. Core5 Hai Phong's first factories and warehouse will be

available to clients by early Q2 2023. Groundbreaking of projects in Hung Yen

and Quang Ninh will occur in Q1 2023 and Q2 2023 respectively – both projects

will add approximate 127,000 m2 net leasable area of ready-built factory and

warehouse to the market.

About Indochina Kajima

In September 2016, Indochina Capital, a leader in Vietnam's rapidly growing

real estate, financial services and capital markets, entered into a joint

venture with Kajima Corporation, one of the largest Japanese general

contractors and overseas real estate developers, to launch Indochina Kajima, a

new real estate development platform in Vietnam. Indochina Kajima is fully

committed to create innovative real estate developments that build value for

our partners, clients and investors, while providing opportunities for our

employees and enriching the communities. Indochina Kajima will establish a

nationwide footprint with a focus on Hanoi, Danang and Ho Chi Minh City.

About Core5 Vietnam

Core5 Vietnam, owned by Indochina Kajima, is a Vietnam based industrial real

estate investment and development platform focused on the nationwide roll out

of world class factory and warehouse properties for lease throughout Vietnam's

key manufacturing and logistics markets. Core5 Vietnam offers a range of

solutions including ready-built factory for lease, ready-built warehouse for

lease and build-to-suit industrial properties. The platform was officially

launched in Vietnam in July 2022.

Media contact: Ms. Nguyen Hoai Linh, Marketing Manager, Indochina Capital,

Email: linh.h.nguyen@indochinacapital.com

Leasing contact: Core5 Leasing Team/Mr. Paul Tonkes, Email: Leasing@c5ip.vn,

Hotline: 1900 633407, Website: https://www.c5ip.vn/                                        

SOURCE  Core5 Vietnam

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