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CapitaLand Growth (CLD) is buying a web site in Ho Chi Minh Metropolis in Vietnam for a $720m (€713m) mixed-use challenge.
The Singapore-based developer expects to finish the event at Thu Duc Metropolis in 2027.
The newest deal got here after CapitaLand Growth’s current memorandum of understanding with the provincial authorities of Binh Duong to put money into an rising province, generally known as Bac Giang province.
Ronald Tay, CEO of CLD Vietnam, mentioned: “Leveraging CLD’s world actual property experience in delivering high-quality residential tasks, we’re assured of reworking our newest web site in Thu Duc Metropolis right into a vibrant and iconic mixed-use improvement.”
Tay mentioned CapitaLand would proceed to hunt extra funding alternatives throughout varied asset courses to strengthen CLD’s place as a number one developer in Vietnam.
To learn the newest version of the newest IPE Actual Belongings journal click on right here.
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