Publications

Transactions - JUNE 29, 2018

Daiwa House Industry and Taisei Corp. make first co-investment in Vietnam

by Andrea Zander

Daiwa House Industry Co. and Taisei Corp. through their local joint venture called DT Development Vietnam have been pursuing the Vinata Towers Project.

Vinata Towers Project consists of several multipurpose buildings in Hanoi, Vietnam.

The venture has commenced operation of phase 1 of this project, Roygent Parks Hanoi, a 24-story building with a total of 256 apartment units, from June 30, 2018. Roygent Parks Hanoi is their first co-invested project in Vietnam where various types of services are provided for tenants living in the apartments as if they are enjoying the stay at hotels.

The apartment complex is located in the Cau Giay District, approximately five miles to the west of the central district of Hanoi, where foreign embassies and international schools, including the Japanese school of Hanoi, are located. Moreover, Japanese restaurants and retail shops within the neighborhood contribute to a convenient lifestyle for the tenants. Since Roygent Parks Hanoi is the first rental housing project in this district developed by Japanese companies from the beginning of conceptual design, followed by construction and through management, Daiwa and Taisei believe the apartment complex will offer not only a quality living environment but also unique services to the tenants by incorporating know-how obtained through their distinctive experience in Japan.

Forgot your username or password?