JLL partners with CapitaLand Vietnam to deliver true international standard property management across Vietnam
Vietnam, 15 March 2017 – JLL is delighted to announce that is has been appointed on behalf of CapitaLand Limited and Thien Duc Trading Construction Co., Ltd, to provide exclusive property and asset management services for Vista Verde project, strategically located in the administrative centre of District 2, Ho Chi Minh City; and Mulberry Lane project on behalf of CapitaLand Limited and Hoang Thanh Investment and Infrastructure Development Joint Stock Company, located at Hanoi’s new Central Business District.
The Vista Verde development in Ho Chi Minh City is located on 34,056 square meters of land. Located in Thanh My Loi Ward, in the heart of District 2’s administrative center. Vista Verde is positioned in close proximity to all essential amenities such as the MM Mega Hypermart, Vingroup Meg Mall, Lotte Cinema, Phuc An Khang Hospital, and prestigious international schools such as ACG International School. Vista Verde is 10 minutes away from District 1 and 7, with excellent connectivity via the Thu Thiem Tunnel, Thu Thiem Bridge, Saigon Bridge and Phu My Bridge. The project is expected to complete in Q4/2017.
Designed for modern living, Vista Verde has been designed with spacious living and dining areas, natural ventilation and loggia. There are 1,152 premium apartments offering state-of-the-art recreational facilities such as centrally positioned gym and clubhouse featuring a 360-degree resort-style swimming pool, lounging islands, jogging track, and tennis court. In addition, Vista Verde also provides a retail mall at ground level offering residents with all essential retail / food and beverage operators within the development.
The Mulberry Lane development in Hanoi sits on 24,466 square meters of land and is strategically located in the Mo Lao New Urban Area, an up-and-coming residential area that is the preferred choice of affluent locals and expatriates. Prestigious educational institutions such as Hanoi University and The Architectural University are in close proximity in addition to the National Convention Centre. The project is located on the main route to Noi Bai Airport. This area will be further enhanced with new modern infrastructure, which will include the new sky train creating a convenient link between the old and new CBD of Hanoi.
There are 1,478 premium apartments offering various unit types from studio to three-bedroom apartments, duplex units with double volume space and penthouses with private rooftop landscape decks. A full suite of facilities awaits residents including a 50-metre swimming pool and gymnasium, a sauna, putting greens for avid golfers, multi-purpose court and tai chi lawn for three-generation families.
Mr. Chen Lian Pang, CEO of CapitaLand Vietnam said: “JLL has been selected due to their professional and high-quality property management services. Choosing JLL to provide the onsite services including customer care, maintenance, operation and facility management for Mulberry Lane and for our latest flagship project Vista Verde will enhance the day to day environment and community in both cities”.
Mr. Stephen Wyatt, Country Head of JLL Vietnam added: “It is an honour to work with such a successful and prestigious developer such as CapitaLand Development Corporation. We aim to bring the highest levels of international property management to Mulberry Lane and Vista Verde by implementing property management systems, training for all staff, backed up with Head Office support from Vietnam and Singapore”.
IMG Corporation celebrates groundbreaking ceremony on their new office development, IMG Airlines Building, Ho Chi Minh City
Ho Chi Minh City, March 23, 2017 – IMG Corporation organized a groundbreaking ceremony for the IMG Airlines Building at 371 Nguyen Kiem Street, Go Vap District. The ceremony attracted attention from over 200 guests, including the Chairman of the Go Vap District’s People’s Committee, business partners, news media and future tenants.
IMG Corporation has many subsidiaries, operating mainly in the legal, finance, investment, immigration, communication, airlines, and energy sectors. The IMG Airlines Building project is a part of the sustainable development strategy of IMG Corporation, establishing a foundation to launch IMG Logistics, which will be a pioneer in providing complete, uniformed logistic solutions. The project is positioned next to Pham Van Dong Boulevard, Tan Son Nhat airport, and 20 minutes away from the city center. The office building will comprise of approximately 30,000 square meters GFA, designed with a large open floor plan, centralized air systems, and international standard property management. IMG Airlines Building will provide the complete package, from office space to complimentary service for logistic, transportation companies. The project will drastically reshape the business landscape in the Tan Son Nhat Area. It is expected to complete in the third quarter of 2018.
During the groundbreaking ceremony, IMG and JLL signed an exclusive agreement, appointing JLL to provide marketing and leasing services for the IMG Airlines Building, with the intent to introduce multinational companies to the fast growing Go Vap District.
Ms. Nguyen Thi Thu Hien, chairwoman of IMG shared: “”IMG Airlines Building is designed based on our company’s aspiration: applying green technology, using solar energy to supply electricity to the project. We hope that our tenants will share our environmental friendly vision, and contribute to build a professional working atmosphere at IMG. After careful consideration, we decide to choose JLL Vietnam to provide leasing and management services, because we believe in the experienced and dedication of the JLL staff, who always work to achieve the highest level of professional client care”.
Mr. Stephen Wyatt, Country Head of JLL Vietnam, said: “JLL is very proud to have been appointed by IMG to provide exclusive leasing and management services. Currently, office vacancy rates across the city have reached an all-time high at 95%. Therefore, occupiers are struggling to find good quality office building such as IMG Airlines. We look forward to building a long and successful relationship with IMG and achieve high occupancy rates prior to completion”.
JLL is top real estate investment advisory firm in Asia Pacific for sixth year in a row
JLL is the number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year, based on data published by Real Capital Analytics (RCA), an independent body that analyses real estate transaction volumes worldwide.
According to the data, JLL tops the ranking in Asia Pacific, having achieved the highest value of investment deals overall in 2016 – a total of US$ 20.4 billion, which is 27.5 per cent market share in the region. The firm also scooped number one in the hotel sector with US$1.8 billion in hotel sales, a 41.8 per cent market share across the region.
Of the six real estate investment categories covered by the RCA ranking, JLL came top in three: retail and apartment, in addition to hotels.
“We are absolutely thrilled to be recognised for the sixth consecutive year in the RCA ranking,” says Stuart Crow, Head of Asia Pacific Capital Markets, JLL. “This achievement is the result of great teamwork and a commitment to providing outstanding investment advisory services. We look forward to working closely with our clients to do even more great deals for them in 2017.”
“Looking back to 2016, we saw a peak in real estate transaction volumes in Asia Pacific, with new investors attracted to this region, including sovereign wealth, and pension and insurance funds. These investors – whether they are in the region or outside – are allocating more capital to real estate so we expect to see more big deals and continued healthy volumes in 2017.”
Scott Hetherington, CEO Asia, JLL Hotels & Hospitality, says: “We’re delighted that once again we’re the top ranked investment advisory firm in the hotels sector. This result really demonstrates the great talent we have in our team to be able to deliver value for our clients year after year. The hospitality sector continues its upward trend in Asia Pacific, so we are seeing a strong pipeline of deals for 2017 and beyond. In particular, we’re hearing from investors that they’re excited about opportunities in Japan, Greater China and the Indian Ocean.”
For more information on RCA’s methodology, visit http://www.rcanalytics.com.
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