Vietnam’s CORE5 Celebrates the First Industrial Project in Hai Phong

The Highlights:

• In Hai Phong, Vietnam's Deep C 2 Hai Phong Industrial Zone, Indochina Kajima, a partnership between Indochina Capital and Kajima Corporation (Japan), celebrated the groundbreaking ceremony for their Core5 Hai Phong project.
• As part of its commitment to sustainable development, the project's design has been implemented to maximize the effectiveness of the water and energy systems, including solar panels.
• Core5 Vietnam is devoted to building a portfolio of top-notch industrial facilities around the country. Clients will be able to rent the first factories and warehouses at Core5 Hai Phong by the beginning of Q2 2023.

On 21st August 2022, Indochina Capital and Kajima Corporation (Japan) held a groundbreaking ceremony for their project CORE5 Hai Phong in Deep C 2 Hai Phong Industrial Zone, Hai Phong city, Vietnam. Set as a goal, the project will transport a sum up to 96.000 m2 of world-class ready-built factory and warehouse for lease. When it comes to completion, the handover of the first factories and warehouses is expected to be completed in early Q2 2023.

The Core5 Hai Phong project offers ready-built industries and warehouses for leasing with terraced designs and different unit sizes ranging from 3,174 m2 to 25,509 m2. The project design has been implemented to maximize the effectiveness of the water and energy systems, such as installing solar panels, as part of its commitment to sustainable development. Every unit will include parking, modular office space, and a manufacturing area for loading trucks. For renters to be as productive as possible, the common sites will provide enough space for movement, green spaces, and service areas. Core5 Vietnam offers full turnkey assistance, including fit-out, accounting, operations, and business development, to ensure a seamless client onboarding process.

Core5 Vietnam is devoted to building a portfolio of top-notch production plants around the country. Clients will be able to rent the first factories and warehouses at Core5 Hai Phong by the beginning of Q2 2023. In Q1 2023 and Q2 2023, developments in Hung Yen and Quang Ninh should break ground. Both projects will bring around 127,000 m2 net leasable area of industry and warehouse space to the industry.

The industrial real estate investment and development platform Core5 Vietnam, owned by Indochina Kajima, is located in Vietnam and is dedicated to the statewide rollout of the top-notch factory and warehouse facilities for lease throughout Vietnam's necessary logistics and manufacturing sectors areas. A variety of options are available from Core5 Vietnam, including build-to-suit industrial sites, ready-built factories for lease, and ready-built warehouses for leasing. In July 2022, the platform was officially introduced in Vietnam.

"Hai Phong has made enormous infrastructure investment, becoming a key link in the global logistics chain with Cat Bi International Airport, Lach Huyen International Deepwater Port, and direct access to Hanoi via Hai Phong Highway, in the process attracting the presence of many large-scale manufacturers, among them LG and Pegatron. In addition, the province's economic growth is beautiful as GRDP in H1 2022 increased by 11.1% YoY while foreign direct investment reached nearly USD1.1 billion. We believe Hai Phong is an excellent location for investment and ideal for launching Core5 Vietnam's first project." - Mr. Keisuke Koshijima, Representative Director and Executive Vice President of Kajima Corporation, have stated.