Press Releases Select year: 2009 2010 2011 2012
Indochina Capital closes third Real Estate Fund raising US$180.3 million
December 2010
Ho Chi Minh City (22 November 2010) – Vietnam’s property market remains a preferred destination for institutional investors, with Indochina Capital announcing the closing of Indochina Land Holdings 3 (ILH3). The fund is the third in a series of Vietnam-focused real estate funds sponsored by Indochina Capital and managed by the group’s real estate division, Indochina Land.
With total capital commitments of US$180.3 million, ILH3 increases Indochina Land’s total funds under management to nearly US$500 million across three private, closed-ended real estate funds.
Indochina Land’s Quality Real Estate Projects Resist Sluggish Market
December 2010
(Hanoi, 14 December 2010) – Positive economic growth has brought optimism to the real estate market. Since the downturn in 2008, construction starts have increased across all sectors, with notable supply increases in the office markets in Hanoi and HCM City, as well as the residential and hospitality sectors in select submarkets. Against the backdrop of improved business sentiment, there is a noticeable uptick in the property market from both leasing and investor demand perspectives.
Since the start of 2010, Vietnam’s property market has steadily improved on par with the continued expansion of the economy, as the trajectory of the domestic real estate market is linked to that of the economy. With brighter economic outlooks onshore and off, Vietnam’s commercial and residential property sectors have experienced positive momentum, a trend that is forecasted to continue through the New Year.
Indochina Land Wins 6 Asia Pacific Property Awards
May 2010
(HCM City, Vietnam) 4 May 2010 – The results of the Asia Pacific Property Awards 2010 in association with Bloomberg Television have been announced, with Indochina Land receiving six awards for its renowned Vietnam portfolio. The awards received by Indochina Land include, Best Mixed-Use Development for Indochina Plaza Hanoi, Best Development Marketing for Hyatt Regency Danang Resort and Spa, Best Golf Course for The Montgomerie Links in Danang, and Best Developer Website for Indochina Land’s corporate webpage. Most notably, Indochina Land’s Six Senses Con Dao resort, which is set to open in December 2010, received the Best Small Hotel Construction and Design award for Vietnam and was further voted best in the category for the Asia Pacific Region.
Sales Launch at Indochina Plaza Hanoi
November 2009
(Hanoi, Vietnam) November 2009 – In early November, Indochina Land held a private sales launch at Indochina Plaza Hanoi, the company’s inaugural project in Hanoi. The project is one of the most significant commercial developments launched in Vietnam to date. Located in Hanoi’s burgeoning Cau Giay district, Indochina Plaza Hanoi features two residential towers, one office block and a four story retail podium, wrapped around an open air plaza.
Euromoney 2009 Real Estate Poll, Indochina Land voted Best Developer
October 2009
(Hanoi, Vietnam) 5 October 2009 – London-based Euromoney magazine announced the winners of its annual Real Estate Poll, recognizing Indochina Land as the “Best Developer in Vietnam.” Euromoney is one of the world’s leading financial markets magazines, and their benchmark polls and awards are the premier source for identifying institutions that are ranked top in their field. Indochina Land is a member company of Indochina Capital. In the regional rankings, Indochina Land was the only Vietnam-based developer to make the Top Ten list of developers within Asia, a group led by DLF, one of India’s largest housing developers, which also included CapitalLand, Keppel Land and Swire Properties.
Hyatt Regency Danang receives US$39 million credit facility from Vietcombank
September 2009
(Danang, Vietnam) 12 September 2009 – Vietcombank Danang and Indochina Land signed a US$39 million project financing agreement to fund the development of Hyatt Regency Danang Resort and Spa, a US$129 million international standard resort and residential complex.
Indochina Land Wins Two Asia Pacific Property Awards
July 2009
(HCM City, Vietnam) July 2009 – There’s positive, upbeat news for the property profession in Vietnam this week, as the results of the Asia Pacific Property Awards 2009 have been revealed, with two of Indochina Land’s developments receiving awards.
Indochina Plaza Hanoi Receives US$44 million credit facility from Vietcombank
February 2009
(Hanoi, Vietnam) 19 February 2009 – Vietcombank and Indochina Land sign a US$44 million project financing agreement to fund the development of Indochina Plaza Hanoi, a US$145 million international standard mixed-used complex.