Soilbuild International entered the industrial real estate market in Vietnam, announced its first project - Spectrum Nghe An in WHA Industrial Zone 1 - Nghe An

Recently, Soilbuild Group Holdings officially announced the expansion of investment and development of industrial real estate in Vietnam through the launch event of the Soilbuild International brand.

The brand launch ceremony was held in Hanoi on May 9, 2024 with the attendance of a large number of guests, including domestic and international partners.

With nearly 50 years of experience, Soilbuild has extensive track record in constructing, developing and managing a diverse portfolio of residential and industrial real estate in Singapore. Soilbuild International's launch event in Vietnam marks an important milestone in the context that the group wants to take advantage of its strength to invest and develop projects in potential industrial hub like Vietnam.

Also at this event, Soilbuild announced its plan to develop a cluster of Ready-Built Factories (RBF), Built-to-Suit (BTS) facilities for lease under the Spectrum brand and launched its first project - Spectrum Nghe An in WHA Industrial Zone 1 - Nghe An.

Shown in the photo: Within the framework of the event, Mr. Nha-Vinh Julien, Nguyen (center right), Country Head, WHA Viet Nam presented the Land Use Rights Certificate to Mr. Lim Han Qin (center left), Executive Director of Soilbuild Group Holdings Ltd., witness by Mr. Lim Chap Huat (1st left), Executive Chairman of Soilbuild Group Holdings Ltd. and Ms. Anchalee Prasertchand (1st right), Vice President Vice President - International - Customer Development, WHA Industrial Development Plc., thereby establishing a solid foundation for Long-term cooperative relationships between companion units.

According to the plan, the Spectrum Nghe An project will build RBF with an area from 3,200 square meters to 14,000 square meters and be developed regarding to LEED Green Building Standards (Leading Certificate in Energy and Environmental Design). Located in WHA Industrial Zone 1 - Nghe An, Phase 2, with an area of 15.6 hectares, the project is expected to start construction in June 2024 and hand over phase 1 in the first quarter of 2025.

Photo: Spectrum Nghe An Ready Built Factory