Japanese retail giant Takashimaya moves into Vietnam property market – VnExpress International


By Dat Nguyen  &nbspNovember 28, 2020 | 11:11 am GMT+7
Japanese retail giant Takashimaya moves into Vietnam property market  Japanese retail giant Takashimaya moves into Vietnam property market - VnExpress International httpss3apnortheast1amazonawsco 1760 2348 1606530692

An artist’s impression of a new commercial project in Hanoi developed by Takashimaya. Photo courtesy of Takashimaya.


Japanese retailer Takashimaya, whose business is suffering from the impacts of Covid-19, plans to expand into property development in Vietnam with commercial and office projects.

It is building a new urban hub called Starlake six kilometers from downtown Hanoi, according to Nikkei.

This is the first ever overseas property development in which it would be involved all the way from land acquisition to operation, and it plans to invest 20 billion yen ($191.39 million) abroad in the next three or four years, the report added.

The company will develop commercial and office space at Starlake between 2022 and 2025, and two other large commercial projects elsewhere in Hanoi.

It also plans to renovate several mixed-use buildings it acquired in Ho Chi Minh City and Hanoi last year.

It hopes to attract Japanese brands to its commercial projects to set it apart from malls operated by local companies.

“There’s a lot of room for us to expand our portfolio in many different fields in Vietnam,” Nikkei quoted Takashimaya president Yoshio Murata as saying.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Japanese retail giant Takashimaya moves into Vietnam property market – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF