The groundbreaking ceremony of Core5 Quang Ninh project in DEEP C Quảng Ninh 2, Quảng Yên Economic Zone in northeastern province of Quảng Ninh. Photo courtesy of the firm

QUẢNG NINH — Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation (Japan) on Wednesday started construction of the Core5 Quang Ninh project in DEEP C Quảng Ninh 2, Quảng Yên Economic Zone in the northeastern province of Quảng Ninh.

The project will deliver a total of 69,000sq.m world-class ready-built industrial space for lease. Handover of the first factories is expected in March 2024.

Given its prime and strategic location, Core5 Quang Ninh offers beneficial convenient accessibility to its tenants. The site is only a 2-hour drive to Móng Cái International Border with China, 14 kilometres to Lạch Huyện International Deepwater Port, 20 kilometres to Cat Bi International Airport and has direct accessibility to Hà Nội via the Hải Phòng Highway.

The project provides ready-built factories or lease with terraced design and workshop/warehouse areas ranging from 2,835sq.m up to 18,194sq.m. Each unit will be equipped with the Core5 Vietnam signature curved curtainwall office, necessary utilities, firefighting and protection system in the factory area, dry loading bays, and car plus motorbike parking area.

For the first time, Core5 Việt Nam will offer 2-storey factories, often preferred by electronics manufacturers. In addition, Core5 Quang Ninh will feature rooftop solar panels, outdoor areas with health and wellness elements, canteen areas, and as the standard for all projects, water and energy efficient systems following LEED Certified green building design.

Speaking at the groundbreaking ceremony, Keisuke Koshijima, Representative Director and Executive Vice President of Kajima Corporation said: “Quảng Ninh is a core growth engine in the Northern key Economic Region as Việt Nam’s only province having land and sea borders with China. This province shows great potential for cross-border trade, sea trade and commercial services and will serve as a major regional intermodal hub for the processing, manufacturing, and logistics sectors. Quảng Ninh also stands out as a promising destination for FDI investment thanks to its improved investment environment, proven by its 1st ranking in the Provincial Competitiveness Index for five consecutive years (2017-21). The province targets attracting over US$1 billion worth of FDI in 2023. I highly appreciate the vision and commitment of the authorities, and I believe Core5 Quang Ninh will make a positive contribution to support the province to achieve the aforementioned goals.”

Peter Ryder, CEO of Indochina Capital said: “Core5 Quang Ninh will attract tenants looking for high-quality, sustainable and flexible property solutions thanks to its strategic location, unique design and unparalleled international standard services. Given its favourable geographical proximity to China’s manufacturing hubs, accessibility to modern highways and international deep seaports, the province has attracted large-scale manufacturers such as Jinko Solar, Boltun, Skoda, Stavian and Foxconn, generating the necessary presence of top-tier suppliers for these companies. In addition, our expertise in luxury hospitality for over 20 years and our attention to unique architecture provides a signature look for Core5 Quang Ninh and most importantly, contribute to improving the working environment and tenant cost-savings as well as best-in-class value-added services to ensure the smooth set up and accelerate establishment for our clients.”

Core5 Vietnam, owned by Indochina kajima is a Việt Nam-based industrial real estate investment and development platform focused on the nationwide roll-out of world-class factory and warehouse properties for lease throughout Việt Nam’s key manufacturing and logistics markets. — VNS