Our track record as property developers and fund managers positions Indochina Land as Vietnam's premier real estate development and fund management firm.
Our principals have been living and working in Vietnam since 1992, pioneering the real estate development sector with projects that include Vietnam's first ever 5-star resort (the Furama), the premier mixed-use development in Ho Chi Minh City (Saigon Centre) and Hanoi's most prominent commercial office address (63 Ly Thai To), which is now the headquarters for The World Bank, IFC and IMF. In 2005, Indochina Capital sponsored Indochina Land Holdings, first private real estate fund in Vietnam. Today, we manage three private, closed-ended real estate funds with US$460 million of committed capital.
Furama Resort
Partner with the Lai Sun Group as a co-developer and investor in the Furama Resort, a 5-star luxury property located in the Central Coast of Vietnam. The project’s investment capital totaled US$40 million for the 200-room resort.
Saigon Centre
Partner with First Pacific Davies to develop Saigon Centre, Ho Chi Minh City’s first premier mixed-use complex, with 21,253 square meters of Grade A office, retail and residential space. The US$75 million project was later sold on to Keppel Land and is still regarded as one of Vietnam’s most prominent mixed-use developments.
63 Ly Thai To
Partner with Hongkong Land as a co-developer and investor in 63 Ly Thai To, one of Hanoi’s first commercial office buildings located in the capital city’s Central Business District. The property has maintained a status as one of the city’s premier addresses and now houses the country headquarters of The World Bank, the IFC and the IMF.
French Vietnamese Hospital
Development and financial advisor for the French Vietnamese Hospital in District 7 of Ho Chi Minh City, engineering a multi-tranche, bi-currency loan package for the project – the first of its kind in Vietnam.
Hasegawa Vietnam Portfolio
Sole advisor on the restructuring and sale of Hasegawa’s listed real estate portfolio to offshore investors. The US$70 million portfolio included trophy properties like Zen Plaza, a trendy retail outlet in District 1 of Ho Chi Minh City.
My Duc Ceramics
Advise Morgan Stanley’s Princes Gate Investors on the private equity fund’s initial investment in Vietnam: My Duc Ceramics. The US$35 million building materials plant, covering 40,000 square meters, is located in Ba Ria - Vung Tau Province and remains as one of Vietnam’s most successful ceramics factories.
Indochina Land Holdings
Indochina Capital sponsors Vietnam’s first real estate fund, Indochina Land Holdings in April 2005 with total commitments of US$42 million from a mix of individual and institutional investors. By the end of the year, the fund was fully committed in nine investments located throughout Vietnam.
The Metropole Hotel
Indochina Land Holdings acquires a minority stake in The Metropole Hotel, Hanoi’s most distinguished 5-star property. The property is located in the heart of downtown Hanoi and has been a celebrated landmark since opening in 1901. Shortly after purchasing a minority stake in The Metropole Hanoi, Indochina Land Holdings sold its interest to another Vietnamese fund for a triple-digit return.
Indochina Land Holdings 2
Following the early success of the first real estate fund, Indochina Capital sponsors Indochina Land Holdings 2, which closes in November 2006 with total commitments of US$265 million from a predominantly institutional investor base.
The Nam Hai
The Nam Hai, located just outside the ancient trading port of Hoi An, opened in December 2006. Managed by GHM, The Nam Hai consists of 60 hotel villas and 40 residential villas. As the developer and principal investor in the US$60 million project, Indochina Land is celebrated for positioning China Beach as one of the World's premier leisure destinations with the opening of The Nam Hai. Voted as "The Best Resort in the World" by Travel + Leisure Design Awards in 2008, The Nam Hai is Vietnam's most prominent luxury resort.
Danao Holdings International
Indochina Holdings 2 acquires a majority stake in the Danao Holdings International portfolio, which consists of the Dalat Palace Hotel and Golf Club in the colonial hill-station of Dalat, The Ocean Dunes Hotel and Golf Club in Phan Thiet and the Riverside Apartments located in District 2 of Ho Chi Minh City.
Sotheby's International Vietnam
In 2007, Indochina Land Holdings 2 purchased the rights to be the exclusive franchisee for Sotheby’s International Realty (SIR) for Vietnam plus the franchise rights for the Cambodian and Laotian. SIR is affiliated with the famous 260 year old auction house and was originally formed in 1976 to provide a complete package of estate disposition services. SIR is a member of Realogy Corporation, the world’s leading franchisor of real estate brokerages around the world. The group also includes Century 21, Coldwell Banker, ERA, and Corcoran.
Indochina Land Holdings 3
In July 2008, Indochina Land held the first closing for Indochina Land Holdings 3 and anticipates the final close in July 2010. In the first round, we raised over US$150 million from a group of prestigious institutional investors, representing over 30% of the targeted total fund size of US$500 million.
Indochina Riverside Towers
Indochina Riverside Towers, the first international standard mixed-use development in the Central Coast of Vietnam, opens in Danang. Developed and owned by Indochina Land, Indochina Riverside Towers is located in the heart of Danang’s Central Business District and features 95 condominiums, 10-floors of Grade A office space and a 3-floor retail podium.
Best Developer: Euromoney Real Estate Poll
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. In the regional rankings, Indochina Land was the only Vietnam-based developer to make the Top Ten list of developers within Asia.
River Garden
Handover of the condominiums and retail space commenced in Q3 2009 at River Garden, a US$37.8 million project located in a high-end residential area in District 2, Ho Chi Minh City. The project is comprised of 212 apartments and 3,796 square meters of retail space.
Montgomerie Links Vietnam Golf Course
In August of 2009, Vietnam’s Central Coast welcomed its first 18-hole golf course with the opening of The Montgomerie Links Vietnam. Developed by Indochina Land and designed by European Ryder Cup captain and eight-time European PGA Tour Order of Merit Winner Colin Montgomerie, the course’s layout capitalizes on the site’s natural, dune-strewn topography. The sandy soil, rolling contours and blustery conditions at the Montgomerie Links make the course similar to classic links courses in Montie’s native Scotland.
Asia Pacific Property Awards
Asia Pacific Property Awards 2009 in association with CNBC Arabiya announced that two of Indochina Land’s developments have received coveted awards. A testament to quality and architectural excellence, The Nam Hai located in Quang Nam received the prestigious Architecture Award, and Indochina Riverside Towers won the highly competitive Best Mixed-Use Development Award.