Indochina Capital teams up with Kajima Corporation

The real estate market in Vietnam is maturing and developing rapidly presenting many new and exciting opportunities. Indochina Capital, one of Vietnam’s leading real estate and financial services firms, has signed an agreement to establish a new Joint Venture with Kajima Corporation, a major Japanese construction and real estate development company whose global presence expands to the most important markets in the world. The move underscores Indochina Capital’s continued growth and commitment to developing high-quality projects in Vietnam.   

Since its establishment in 1999, Indochina Capital has been a prominent name in Vietnam’s high-end real-estate market. Indochina Land, the company’s real estate division, has pioneered the domestic luxury market with a series of iconic developments across the country such as The Nam Hai, Six Senses Con Dao, Hyatt Regency Danang, Montgomerie Links Vietnam and Indochina Plaza Hanoi. Indochina Land has solidified its lasting reputation through a consistently strong commitment to quality, innovation, timeless designs, environmental sustainability and sophisticated luxury.

Kajima Corporation, founded in 1840, is one of the big four Japanese contractors and the largest Japanese overseas real estate developer. Kajima’ Corporation’s global footprint operates through subsidiaries in North America, Europe, Asia and Australia. Some of the company’s most impressive projects include the Four Seasons Resort Hualalai, Hawaii, one of the world’s most breathtaking resorts, and Senayan Square in Indonesia, one of Asia’s largest multi-purpose developments that has left a profound mark on Jakarta’s real estate landscape. Kajima Corporation has immense financial strength and credibility, with its stock listed on four leading exchanges in Japan. Kajima Corporation’s stock is a constituent of the Nikkei 225 Index, with total market capitalization reaching JP¥ 750 billion, or US$ 7.5 billion.                         

The new Joint Venture, named Indochina Kajima Development Ltd. (ICC-Kajima), aims to build on the success and impressive track record of the two companies, developing quality and innovative real estate projects throughout Vietnam.

Indochina Capital and Kajima Corporation are equal partners in the new Joint Venture with total investment estimated to be US$1 billion over the next decade.

Commenting on the new venture, Peter Ryder, Founder and CEO of Indochina Capital said.

 “We will continue pioneering with our vision of sophistication and luxury. We have a clear strategy which addresses the current and future demands of the market with a focus on delivering accommodation themed projects while maintaining our unwavering commitment to architectural excellence, environmental sustainability and social responsibility. The joint venture will bring exceptional value to its partners, customers, investors, and the community.”

Providing further comment on the group’s strategy, Michael Piro, Chief Operating Officer of Indochina Land stated that “ICC-Kajima will initially focus on urban in-fill accommodation projects, in the residential and hospitality segments, in Hanoi, Ho Chi Minh City and Danang. The company will be primarily focused on providing permanent and temporary accommodations in the form of Hospitality-Serviced Apartments-Hotels and Residences For Sale. These are areas where we have a market leading track record and are highly confident of building on our success in these segments”.

Commenting on the new Joint Venture establishment, Mr. Keisuke Koshijima, who heads Kajima Corporation Overseas Division stated “Vietnam has always been a market of interest to Kajima Corporation. Identifying the right partner has been the critical consideration and we are pleased to partner with Indochina Capital in the formation of ICC-Kajima. We share the common goal to achieve excellence in every aspect of our operations, management, execution and people performance. We aspire to create superior value for our investors and customers.”

Saigon New Day

Từ khóa : Indochina Capital, Tập đoàn Kajima