SUBSCRIBERS
Mapletree bags prime asset in Saigon CBD for over S$400m
Group still keen on more income-producing completed assets as well as development opportunities in Vietnam
Add BT as a preferred source
Kalpana Rashiwala
Published Thu, Jun 9, 2016 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAPLETREE Investments has bought Kumho Asiana Plaza Saigon, a completed mixed development in the heart of Ho Chi Minh City's (HCMC) central business district. The price is understood to be the equivalent of more than S$400 million and takes Mapletree's total assets under management in Vietnam to more than S$1 billion. The deal was completed on Thursday.
Mapletree bought the property from Korea's Kumho Industrial Company and Asiana Airlines.
Copyright SPH Media. All rights reserved.
