Real Estate
Investment House Pushes Into Vietnam's Promising Economy With Major Property Deal

A large real estate deal by an international investment house suggests Vietnam's economic promise is catching attention.
Gaw
Capital Partners, a Hong Kong-based property investment firm,
announced yesterday that the new fund it oversees has bought a
portfolio of Vietnam real estate holdings for $106 million,
encompassing properties across the Asian country.
The portfolio is made up of four of the remaining projects
originally held under Indochina Land Holdings 2 Ltd. The
properties include those at Indochina Plaza in Hanoi, Hyatt
Regency Danang and two additional land development projects in
Danang and Ho Chi Minh City.
The transaction was completed via a specially created fund (Gaw
NP Capital Vietnam Fund 1, LP), which will also target
development projects. NP Capital, based in Ho Chi Minh City, is
the local joint venture partner in the fund. The founder of NP
Capital is the deputy general director of Tien Phuoc Group.
Gaw Capital Partners said the deal represents a significant step,
as this is the debut of its fund management services in the
Vietnam market.
"This is a groundbreaking transaction that involves multiple
asset classes in different cities and an innovative capital
structure - the first time for the Vietnam market. We are
grateful to have the close cooperation and support of our
investors, our local partner and the seller to complete it
successfully,” Felix Lai, investment director at Gaw Capital
Partners, said.
The Vietnam market has benefited from increasing foreign direct
investment and industrial development, Gaw Capital Partners said.
It noted that Vietnam is the world’s 13th largest country by
population, with banks such as UBS and Goldman Sachs singling it
out as full of market potential.