BW and DEEP C sign land handover agreement

Thursday, Dec 01, 2022 16:11

BW Industrial Development Joint Stock Company and DEEP C Industrial Zones sign the agreement. — Photo courtesy of DEEP C

BW Industrial Development Joint Stock Company (BW) has signed a land handover agreement of 74,000sq.m of prime landbank in the Bac Tien Phong Industrial Zone in Quang Ninh, developed by DEEP C Industrial Zones (DEEP C).

The ready-built factory asset is located in an emerging economic powerhouse and a key destination for investment in the North. Situated along the Hai Phong-Ha Long-China border expressway, the site is a short 15-minute drive to the Hai Phong Seaport Clusters and 4-hour trucking to the Mong Cai International Border Gate.

Given its prime location, extensive expressway networks, and excellent connectivity to densely populated centres, major manufacturing clusters, ports and airports, the project will be most ideally suited to export manufacturers and tenants seeking alternative port-based locations. The project is scheduled for completion in the second quarter of 2023.

A representative of BW said that for BW, this is one of the greatest partnerships which will enable them to rapidly expand their presence in key industrial markets across the northern part of Viet Nam.

Through the execution of a clear and consistent growth strategy since its establishment, BW is the largest for-rent industrial platform in Viet Nam with over 7.76 million sq.m of prime industrial land under control across more than 35 projects in 26 strategic economic locations throughout the country. The latest transaction will add a total gross floor area (GFA) of around 47,000sq.m to its portfolio, expanding its current GFA to 2.2 million sq.m of properties completed or under construction.

DEEP C is a cluster of industrial zones developed and operated by Infra Asia Investment Hong Kong, majorly owned by Belgian company Ackermans & van Haaren in Hai Phong City and Quang Ninh Province, the fastest-growing region in Viet Nam. — VNS

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