Australia's LOGOS acquires its first Vietnam development site in Hanoi
Hanoi and two other cities in Vietnam are key markets of the Australian logistics and real estate company.
LOGOS announced that it has completed its first acquisition in Vietnam of a 13-hectare development site located in Hanoi following the establishment of LOGOS Vietnam Logistics Venture last month.
Logos e-commerce hub in Singapore |
The new venture has an initial estimated portfolio of approximately US$350 million by gross asset value. It is the fourth by LOGOS this year, totaling over US$1 billion raised by the group throughout the region.
Through this venture, LOGOS and its investment partners aim to establish a modern, quality portfolio of logistics facilities to support local and international customers’ growth across Vietnam.
Located within the VSIP Bac Ninh Phase 1 Industrial Park, the site offers immediate access to National Highway No.1A and surrounding transport networks, and is 35 minutes from the central city and Noi Bai airport and 1.5 hours from Hai Phong seaport. The site is considered one of the key logistics locations in Hanoi and is strategically positioned for its customers.
The acquisition was realized after two years of assessing the local market and following the establishment of its Vietnam venture in August. “Our decision to invest in the VSIP Bac Ninh Phase 1 Industrial Park was reinforced by major occupiers having existing facilities within the park, including FM Logistic, Emergent Cold, LinFox and DB Schenker,” Glenn Hughes, Head of Vietnam, said.
The company is currently in discussion with a number of existing and new customers regarding the estate.
Vietnam logistics market continues to experience strong growth driven by global trade wars, decentralization of supply chains and a natural evolution of the market. Occupier demand, driven by e-commerce and third-party logistics operators, remains solid as occupiers are starved of suitable logistics facilities to sustain the growth of their business operations.
Other News
- North-South high-speed railway to open up new economic opportunities
- Prime Minister calls on China to pilot border economic cooperation zone
- State-owned corporations set to pilot offshore wind power projects
- AIIB ready to fund Hanoi’s urban railway projects
- S.Korea’s industrial conglomerates to expand investment activities in Vietnam
- Intel boosts Vietnam’s semiconductor workforce for ambitious goals
- Vietnam among top investment destinations for SEA investors
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
Trending
-
Hanoi to lead national digital transformation efforts
-
Vietnam news in brief - November 22
-
Are Vietnamese people living healthier lives?
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hang Ma Street gears up for festive season
-
A Hanoi artisan turns straw into appealing tourism product
-
“Look! It’s Amadeus Vu Tan Dan” workshop - an artistic journey for kids
-
Vietnam news in brief - November 15
-
Experiencing ingenious spaces at the Hanoi Creative Design Festival 2024
-
Liên kết hữu ích
- các mẫu Thiết kế nội thất chung cư đẹp
- Giá thang máy gia đình Thuận Phát
- xe đạp điện
- Đặt xe Cao Lâm online