Jardine Matheson Group will build a complex in the "Golden land" of Hochiminh City

30 Sep
VNREAt the conference (afternoon 9/28/2010) with Mr.Le Hoang Quan – Chairman of HCM City People’s Commettee, Chairman and CEO of Jardine Matheson, Mr Anthony Nightingale proposed: Jardine Matheson Group of UK will build a combination of retail and office for lease in the city center after 15 years present in Vietnam market with many investment projects.
As expected, this building will used the lower floors for retail stores, while the upper floors are the leasing office. According to the opinion of Mr. Nightingale: “We need a good location in the city center, which will build a combination similar to the works of Jardines in Hong Kong and Singapore.”

At the moment, Jardine Matheson is cooperating with the Phu My Hung company to build a supermarket in District 7, not far from the Crescent Lake.

After 15 years of operating in Vietnam, Jardine Matheson has five representative offices, three companies with 100% foreign-owned, 4 joint ventures.

The land 164 Dong Khoi has total area of 9700 m2, surrounded by Nguyen Du and Dong Khoi and Ly Tu Trong, including land area of the HCMC Department of Culture, Sports & Tourism approximately 7100 m2, 2600 m2 the remaining area of 145 households living in this area.

There have been about 66 participating investors would invest in the land. In particular, there are some big investors with equity above U.S $1 billion., such as Indochina Capital, Hong Kong Land, Queensland and Vina Capital…

Reported by Thu Hien

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