SLP Breaks Ground on Inaugural 89,000 SQM Logistic Development in Vietnam
SLP Park Hai Phong is strategically located in Dinh Vu-Cat Hai Economic Zone and will include six warehouses
HO CHI MINH CITY,
VIETNAM - Media OutReach -
6 August 2021 -SLP
(SEA Logistic Partners), a Southeast Asia focused industrial and logistic
facility development and operation platform and joint venture with GLP, today
announced it broke ground on SLP Park Hai Phong, its first logistic development
in Vietnam and Southeast Asia.
SLP Park Hai Phong
SLP Park Hai Phong
Upon completion SLP Park Hai Phong will feature six single-story
warehouses with a building area of 88,810 sqm and land area 190,100 sqm. Phase
one of the development includes three single-story warehouses with a total
building area of 47,560 sqm and land area of 100,000 sqm and is expected to
deliver in Q2 2022. The new development is strategically located in Dinh Vu –
Cat Hai Economic Zone of Hai Phong city, the largest coastal economic and
transportation hub in the northern region of Vietnam. Hai Phong Port is the
second largest seaport in Vietnam, the largest seaport in Northern Vietnam and
is within 1.5 hours from Hanoi and other major industrial clusters, which
allows it to serve increasing demand in port related logistics as well as
import and export related distribution.
"This groundbreaking represents the beginning of our long-term
commitment to the Vietnam market. We launched SLP to create world-class
industrial and logistic infrastructure in Southeast Asia and support the region's
economic development. We look forward to working with local partners and the
government to contribute to Vietnam's modern logistic infrastructure," said
Kent Yang, a founding partner of SLP.
Since entering Vietnam in October through a joint venture
with GLP, SLP has acquired five development sites with a total land area of
close to 700,000 sqm and expanded the team to more than 20 team members. Over
the next three to four years, the joint venture aims to invest approximately $1
billion to build a 1 to 1.5 million sqm modern logistic real estate platform in
Vietnam. It will initially focus on the two largest markets in the country,
Greater Hanoi and Ho Chi Minh City and its nearby provinces and will be able to
leverage GLP's fund management, development and operational expertise and
resources and extensive global customer network. SLP is committed to be a
leading responsible developer and a pioneer of Environmental, Social and
Governance (ESG) efforts in Vietnam.
Due to the ongoing severity of the Covid-19 pandemic in
Vietnam, SLP has developed strict health and safety protocols and is following
the local government's strict Covid-19 prevention measures on-site to ensure
the safety of its employees and contractors to the highest level possible.
SLP has named Ricons Group Construction Investment JSC as
general contractor.
Công ty phát hành chịu trách nhiệm cho nội dung của thông báo này
About SLP
SLP (SEA Logistic Partners) is an industrial and
logistic facility development and operation platform backed by GLP, the leading
global provider of modern logistics facilities and technology-led solutions. We
will create world-class industrial & logistic infrastructure in Southeast
Asia to support the growth of our customers and the region's economic
development.
#SLP # SEALogisticPartners
About GLP
GLP is a leading global
investment manager and business builder in logistics, real estate,
infrastructure, finance and related technologies. Our combined investing and
operating expertise allow us to create value for our customers and investors.
We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and
have more than US$110 billion in assets under management in real estate and
private equity. Learn more at glp.com/global.
#GLP
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