CapitaLand acquires Hanoi site; sets up second fund in Vietnam

Singapore

CAPITALAND has acquired a prime site for its first integrated development in Hanoi, Vietnam, and has set up its second commercial fund in the country - the CapitaLand Vietnam Commercial Value-Added Fund.

The land in Tay Ho district will be developed into a 25-storey mixed-use development worth roughly US$217 million. It will comprise of a 380-unit residence, including small office home office (SoHo) apartments, around 230,000 square feet of office space and over 208,000 sq ft of retail space, CapitaLand said.