Gelex Partners with Frasers Property Vietnam to Develop Industrial Parks
In an exciting collaboration, Gelex and Frasers Property Vietnam have joined forces to develop multiple industrial park projects in the northern region of Vietnam. With an initial investment of over $250 million, the two entities aim to create high-quality industrial parks that meet green construction standards.
Focus on High-Quality Industrial Parks
The partnership between Gelex and Frasers Property Vietnam is a significant milestone that opens up opportunities for future projects. The primary focus is on developing high-quality industrial parks that prioritize productivity, the well-being of workers, and sustainable goals. These industrial parks will offer a range of products, including ready-built factories (RBF), ready-built warehouses (RBW), build-to-suit (BTS) factories, and customized warehouses.
Image: Frasers Property Vietnam
Long-Term Investment in Industrial Real Estate
Gelex emphasizes that the collaboration with Frasers Property Vietnam aligns with their investment strategy in industrial real estate and logistics. This partnership aims to bring stable and long-term revenue to the business. Both companies are excited about the prospects of future projects and the opportunity to contribute to the development of high-quality industrial parks.
Image: Frasers Property Vietnam
Frasers Property Group: A Global Real Estate Powerhouse
Frasers Property Vietnam is part of the Frasers Property Group, a multinational corporation specializing in real estate ownership, operation, and development. With its headquarters in Singapore, the Frasers Property Group is listed on the Singapore Stock Exchange (SGX-ST) and has a total asset value of $40.2 billion as of September 30, 2022.
The multinational business operations of Frasers Property Group span five sectors: residential, retail, commercial and hospitality, industrial and logistics, and serviced apartments and hotels. They have a presence in various countries and regions, including Southeast Asia, Europe, Australia, and China. With over 70 cities and 20 countries in their portfolio, Frasers Property Group owns and operates a diverse range of residential and hospitality properties.
Frasers Property in Vietnam
Frasers Property Vietnam has established a strong presence in Vietnam with notable projects such as the Binh Duong Industrial Park in Binh Duong and the Melinh Point and Worc@Q2 office buildings in Ho Chi Minh City. Additionally, the company is engaged in the hospitality sector with projects like Fraser Suites Hanoi, Fraser Residence Hanoi, and Capri by Fraser.
Gelex: A Leader in Industrial Production and Infrastructure
Gelex, founded in 1990, is known for its core businesses in industrial production, primarily in the electrical equipment sector, and infrastructure. The company owns several reputable brands in the market, including Viglacera, the Da River water plant, Cadivi electrical cables, Emic electrical measurement devices, Thibidi transformers, and Hem electric motors.
As Gelex and Frasers Property Vietnam collaborate to develop industrial parks, they are poised to contribute to the growth and sustainable development of Vietnam’s industrial sector. This partnership represents a strategic investment in high-quality industrial real estate and an opportunity to create long-term value for both businesses.
By Diệp Anh
