Real Estate
Real estate is one of Gemadept's selective investments. Currently, Gemadept is implementing two complex projects, the Saigon Gem project in CBD of District 1, Ho Chi Minh City and a 5-star hotel project in Vientiane, Laos.
Saigon Gem project is located at the golden land of HCMC with a total land area of 3,640 m2. This is a high-end complex consisting of a commercial center and Grade A offices. The project has been granted a land use right certificate and is in the process of completing legal procedures to be able to deploy the construction. Gemadept is in the process of working with Gensler - a leading design company in the world and Nagecco - a leading design company in Vietnam to implement modern, classy architecture options and meet the requirements on architectural planning targets of the government.
Information about the project:
- Land area: About 3,640m2
- Construction area: About 60,000m2
- Total investment capital for the project: Approximately USD 80 million
- Architectural and structural design consultancy: International
- Estimated construction period: 2.5 years
For the real estate project in Vientiane, this is a 6,715 square meters area stated in a very favorable location right on Lane Xang Avenue of Laos' capital. The 5-star hotel project is designed with 7 floors and 1 basement with a total floor area of 21,329 sqm. Once completed, the project will provide Vientiane Capital with 231 5-star hotel rooms.
- Land area: About 6,715 sqm
- Construction area: 21,329m2
- 7 floors and 1 basement complex, including:
- 5-star hotel
- Shopping mall
- Total investment capital for the project: USD 35 million (estimated)
- Estimated construction period: 2 years.
Implementing the resolution of the General Meeting of Shareholders on concentrating resources for core businesses and divesting strategic investment sectors, Gemadept has been looking for potential partners and investors to be able to divest real estate projects at an appropriate and favorable time. With extremely rare and favorable locations, the two real estate projects of Gemadept promise to become iconic works in two of the busiest economic and commercial centers of the two countries Vietnam - Laos.
