Gelex cooperates with Frasers Property Vietnam to deploy industrial parks

This is considered an important turning point in bilateral cooperation, opening up opportunities in many other projects in the future, especially in the development of high-quality industrial parks.

Accordingly, the two sides will jointly deploy industrial parks in the North with the total investment in this first phase is expected to be 6,000 billion VND, equivalent to 250 million USD.

The bilateral cooperation with the main goal is to deploy high-quality industrial parks, meeting green building standards in accordance with the increasing needs of customers with the following product types: RBF – Factory ready-built; RBW – Ready-built warehouse; BTS – Factory, warehouse built on request.

Industrial park projects at Frasers Property Vietnam are built according to high-class models, meeting international standards.

Frasers Property with a strong international background in the industrial and logistics sectors together with Gelex has extensive experience in the leading industrial real estate investment business in Vietnam. This cooperation is the heart of the two corporations to jointly create real-class industrial parks in the North of Vietnam, raising the level of innovative and high-class new industrial parks. These products will be set up with features that meet high quality criteria to improve productivity, take care of the health and life of workers, especially will achieve green building certifications. internationally consistent with sustainability goals.

Inside a ready-made factory of Frasers Property Vietnam.

Frasers Property Vietnam belongs to Frasers Property Group, a multinational corporation with extensive experience in owning, operating and developing a wide range of products and services in the real estate sector. Listed on the Singapore Stock Exchange (“SGX-ST”) and headquartered in Singapore, the Group has total assets of S$40.2 billion as of 30 September 2022.

Frasers Property’s multinational business includes 5 areas: housing, retail, commercial & service centers, logistics and accommodation services spanning countries and territories from the Southeast Asia, Australia, Europe and China. The Group also owns/operates serviced apartments and hotels in more than 70 cities across 20 countries in Asia, Australia, Europe, the Middle East and Africa.

The Group is present in Vietnam with outstanding projects such as Binh Duong Industrial Park – A green, modern and dynamic industrial park in a strategic location in Binh Duong province, Melinh Point – Grade A office building in District 1 , Worc@Q2 – a modern office building full of personality in the high-end complex of Q2 Thao Dien – Luxury commercial housing project – in Thu Duc City. Besides, the accommodation business of Frasers Property is also present in Vietnam with the presence of Fraser Suites Hanoi, Fraser Residence Hanoi and Capri by Fraser.

GELEX is an enterprise listed on Hose with the code GEX.

GELEX Group, established in 1990, is known as the leading investment group in Vietnam with two core business areas: industrial production (mainly electrical industry) and infrastructure. Currently, GELEX owns many reputable brands in the market such as: Viglacera, Song Da Water Plant, CADIVI power cables, EMIC electrical measuring equipment, THIBIDI transformers, HEM electric motors…

The cooperation with Frasers Property Vietnam clearly demonstrates GELEX’s investment orientation in potential fields such as industrial and logistics real estate, in order to bring stable and long-term cash flow to the business.

Ha Anh/Market life