These are the Industrial Centre Yen My project and the Industrial Centre Dong Mai project of investors GELEX and Frasers Property Vietnam, built with customer-focused criteria, meeting green building standards (LEED) and aiming for sustainable development goals.

The Industrial Centre Yen My project in Yen My Industrial Park, Hung Yen was started, expected to provide 159,000 m2 of multi-functional industrial facilities in last March. The project has a significant green area with 4 on-site amusement parks, reflecting the top priority in creating a perfect working environment and balanced welfare for tenants.

Along with that, the Dong Mai Industrial Centre project in Dong Mai Industrial Park – Quang Ninh includes 71,000 m2 of ready-built factories and warehouses expected to hand over phase 1 in the 4th quarter of 2024. The project is expected to be a vibrant industrial center located right in the heart of Quang Ninh’s leaps and bounds economic zone, while providing modern amenities sustainable industrial facilities for businesses to optimize operations in Vietnam.

Previously, in March 2023, GELEX Group and Frasers Property Vietnam signed a strategic cooperation agreement to deploy industrial centers following a high-end model, meeting international standards in the North with a total investment in this first phase expected to be about VND 6,000 billion, equivalent to USD 250 million.

The first milestone from the cooperation between the two sides is the commencement of the Industrial Centre YP2C project in Yen Phong 2C Industrial Park, Bac Ninh. The project is expected to hand over phase 1 in the second quarter of 2024 with 34,500 m2 of ready-built factories and high-quality logistics, applying environmentally friendly construction materials, maximizing natural light contributes to efficient energy use, while also helping to increase usage time and reduce impact on the surrounding environment.

Thus, the joint venture between GELEX and Frasers Property Vietnam has started 3 projects after 1 year of cooperation, which are truly high-stature industrial products in the North, developed, built, managed and operated by Frasers Property Vietnam’s outstanding capacity according to international standards, combined with GELEX’s experience and understanding of the domestic market in the segment of industrial park infrastructure. From there, it increases the attractiveness to international demand and attracts foreign investment to the growing green industrial parks in Vietnam.

The cooperation between GELEX and Frasers Property Vietnam has marked an important milestone in implementing GELEX’s strategy of developing a partner ecosystem with leading multinational corporations (domestic and foreign). This cooperation initially brings many positive values and is a notable highlight of GELEX in 2023.

The opportunity to cooperate with Frasers Property has helped GELEX participate in global value chains, expand and upgrade product segments with greater added value for the Group’s core areas, and promote exports and aim to become the leading investment group in Vietnam.

This is known to remain one of GELEX’s key strategies in 2024 and is expected to be the path to help GELEX reach new heights.

Source: Reatimes