Mapletree blossoms in Vietnam

Mapletree is a leading Asia-focused real estate development, investment and capital management company headquartered in Singapore and wholly-owned by Temasek Holdings. The company has currently committed a total investment of US$ 1.0 Billion in logistics, industrial, office, retail and residential real estate projects in Vietnam.

Growing with Binh Duong

The influx of investments into Binh Duong has driven up demand for good quality business spaces and other supporting real estate infrastructure, such as business parks, logistics facilities and other warehousing solutions. Recognising that potential, Mapletree made its first foray into Binh Duong in 2005 with the setting up of its first office and the development of Mapletree Logistics Centre in the Vietnam-Singapore Industrial Park I (VSIP I).

Mapletree brings its expertise in sourcing, developing, and managing logistics facilities to support the province’s growth. Comprising five units of multi-tenanted single-storey warehouses with mezzanine offices, Mapletree Logistics Centre has been fully leased since it opened in March 2007.

The success of Mapletree Logistics Centre was followed by the development of Mapletree Binh Duong Logistics Park in VSIP II. Situated 15 km north of Mapletree Logistics Centre and VSIP I, this new 68-ha US$110 million logistics park will house ready-built, modular logistics and warehouse facilities as well as build-to-suit facilities customised to clients’ specific requirements. To date, eight warehouse blocks (130,000sqm) have been completed and it is 60% occupied by manufacturers and third-party logistics service providers.

Strong Logistics Demand in Bac Ninh – North

To meet the demand for quality logistics space in the Bac Ninh that is accompanying the growth of the province as an industrial hub, Mapletree Bac Ninh Logistics Park, a 55-hectare logistics park, is being developed over five phases. The first completed phase (54,000sqm) comprises three blocks of modular high quality warehouse spaces, and is already 86% occupied since its inaugural in 2011. Mapletree Bac Ninh Logistics Park is slated to house about 300,000 sqm of ready built and built to suit logistics facilities when fully developed.

Looking Forward, Looking Good

Mapletree is optimistic that Vietnam’s strong growth as an emerging market will continue to offer exciting opportunities. As an essential part of its “follow the client” strategy, Mapletree sees itself as a strategic real estate partner to its customers, working and growing in tandem with them by providing an integrated suite of real estate solutions to support their business expansion in Vietnam.