Savills Viet Nam and YSL Group enter strategic partnership at Green Park in Vinh Phuc
Savills Vietnam and YSL group (Korea) signed an agreement at Nam Binh Xuyen Green Park. As both companies share the same values, this promises to be a prosperous long-term partnership.
Ha Noi, 13 January 2022 – Savills Vietnam will provide a comprehensive range of services, including sales, advisory services, and marketing at YSL Group’s Nam Binh Xuyen Green Park. This signing marks a significant partnership between the multinational companies.
Nam Binh Xuyen Green Park in Vinh Phuc Province is less than an hour from Ha Noi’s CBD. This 295-ha high-tech project contributes to the province’s sustainable development and high-tech targets with its green, smart, and modern ecosystem. Upon its launch in Q2/2023, Nam Binh Xuyen Green Park aims to provide modern industrial land and properties as well as target investors from high value-added fields such as electrical equipment, data centres or logistics.
According to the Savills Industrial Whitepaper, the North Key Economic Zone (NKEZ) had the most newly registered manufacturing FDI and new supply in 2021. It had nearly 73% of Viet Nam’s newly registered manufacturing FDI, equivalent to US$3.99 billion. By province in 9M/2021, Vinh Phuc was the second largest recipient with US$693 million or 12.67% of the national share. Over the past five years, Vinh Phuc has become one of the NKEZ hotspots as manufacturing continues to drive the economy.
Mr Matthew Powell, Director of Savills Hanoi, shared, “Increasingly, businesses must comply with higher environmental, social and governance (ESG) standards, such as publishing annual environmental reports. Therefore, investors need real estate developers to provide eco-friendly industrial parks that prioritise sustainable development. Projects that integrate green technology such as Nam Binh Xuyen industrial park, will become invaluable.”
Savills has a team of experts with local and international experience and market knowledge. As such, YSL Group selected Savills as a partner as it represents and helps uphold the values of the project. With its global network, Savills will provide comprehensive real estate services and will help the project attract reputable local and international customers.
Talking about the partnership between the two companies, Mr Lee Gong Myung, Chairman of YSL Group stated: “Nam Binh Xuyen Green Park plays an important role in the development strategy of YSL Group in the Asia-Pacific. We believe that Savills deep understanding of industrial real estate aligns with our needs
and will give the project a competitive advantage. Our partnership with Savills will create a solid foundation for the long-term development and success of the Nam Binh Xuyen.”
Savills is a leading real estate consultant and service provider in Viet Nam with a wide range of services, from leasing and sales to valuation and development planning. With our customers at the core of our decisions, Savills understands and provides best-in-class solutions for both investors and tenants.