Hong Kong real estate agency, European property investment firm jointly enter VN

Thursday, Jun 20, 2019 08:00

Pantazis Therianos, CEO of Euroterra Capital, and Kingston Lai, CEO of Denzell Vietnam, at a ceremony in HCM City on June 19 where they announced their exclusive partnership. — VNS Photo Xuan Huong

Hong Kong real estate agent Denzell and Euroterra Capital, a multinational property investment and development company headquartered in Europe, have announced an exclusive partnership to introduce development projects in Greece to Viet Nam-based investors.

Pantazis Therianos, CEO of Euroterra Capital, said property products in Greece are priced very attractively now and are the cheapest in the EU.

Besides, buyers who make an investment of 250,000 euros (US$280,031) in real estate there would benefit from the Greek golden visa programme, which grants a five-year residency visa to the whole family including children up to 21, spouses and parents, while there is no requirement to stay in Greece whatsoever, he said.

The visa can be renewed indefinitely as long as the buyers keep the investment.

Talking about Denzell’s responsibility in protecting Vietnamese investors buying property overseas, Kingston Lai, CEO of Denzell Vietnam, said: “Denzell offers three important services to out Vietnamese clients when buying property overseas. Firstly, Denzell conducts thorough due diligence on each developer and project before we introduce them to the market. Secondly, we ensure our clients understand each project before they purchase and our sales people do not mis-sell the products to them. Thirdly, we pride ourselves on offering comprehensive after-sales service such as leasing and property management to our clients.”

Pantazis said Viet Nam has the fastest growing rich and ultra-rich population in the world and the number of Vietnamese investing in overseas property as a way to diversify their investment portfolio has also increased.

Through the strategic partnership, the company wants to expand its presence as well as explore the potential of Viet Nam's real estate market, he said.

With over 39 years of experience, Euroterra Capital is a respected developer in Europe with approximately three million square feet of residence and commercial space across Europe, including the UK, Bulgaria, Greece and Cyprus.

Kingston said Denzen is a Hong-Kong-based real estate agency with years of expertise in global investment, with offices in Hong Kong, Thailand and Viet Nam.

“We collaborate with leading real estate developers from top investment destinations such as Thailand, the UK, Australia and Greece to help clients diversify their portfolio strategically and maximise their returns in the long run.” — VNS

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