Ground being broken for the phase 2A of the Boustead Industrial Park in Đồng Nai Province's Nhơn Trạch District  on November 16 by Boustead Projects Land (Vietnam). — VNS Photo

HCM CITY — Construction of phase 2A of the Boustead Industrial Park began in Đồng Nai Province on November 16 by Boustead Projects Land (Vietnam).

Phase 1 of the park at the Nhơn Trạch 2 – Nhơn Phú Industrial Park in Nhơn Trạch District was completed in November 2019 and is fully occupied.

Managed by Boustead and KTG Industrial Management Company, the latest phase will comprise ready-built factories with a total floor area of 38,000sq.m.

Spread over 18.69ha, the Boustead Industrial Park in the Southern Key Economic Zone consists of ready-built factories and build-to-suit industrial facilities and is surrounded by three major ports, two expressways and a future international airport.

The park will bring many benefits to customers in the form of facilities which have been built and managed in accordance to Singapore standards, and reliable one-stop services from front-end consulting to recurring assistance during the tenants’ investment lifecycle.

Speaking at the park’s groundbreaking ceremony, Trần Quang Trung, general director of Boustead Projects Land (Vietnam), said: “Providing the industrial real estate market of Việt Nam with international standard factories and warehouses has been the relentless focus of Boustead Projects Land (Vietnam).

“The needs of our customers are central to the way we build and develop product platforms, accompany customers through their business processes and meet their international growth plans.

“Our collaboration with KTG Industrial on joint management will allow us to tap into each other’s network and complementary capabilities.”

Boustead Projects Land (Vietnam) Co. Ltd. is a wholly-owned subsidiary of Singapore-listed Boustead Projects Limited, a leading real estate solutions provider in that country with engineering expertise in the design-and-build and development of smart eco-sustainable business parks and industrial developments for Fortune 500, S&P 500 and Euronext 100 corporations clients.

Boustead has constructed and developed more than three million square metres of industrial real estate in Singapore, China, Malaysia, and Việt Nam. — VNS