Company news Sep 24 23

Pre-Opening Ceremony Core5 Hai Phong

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Indochina Kajima celebrates Pre-Opening of Core5 Factory Village Hai Phong in tandem with Belgium B-Festival.

HAI PHONG, Vietnam – September 29, 2023 – Indochina Kajima, the owner of Core5 Hai Phong, will celebrate a notable milestone moment with the Pre-Opening Ceremony of Core5 Factory Village on October 6th

The Pre-Opening Ceremony will take place in Deep C 2 IZ Hai Phong where Core5 is located, a strategic location that beckons overseas investors with its superior infrastructure and highly sustainable planning.

The Opening Ceremony both pays respect to the accomplishment of its development team and celebrates the start of operation of the first-ever two blocks in the first Core5 Factory Village, a thriving environment for growth and prosperity for the years to come. Indochina Kajima will continue its unique celebration with guests at its Pavilion on B-fest during the opening night. Guests will be able to celebrate and taste a blend of cultures and enjoy networking while WiNK Hotel, an affiliate of Indochina Kajima, caters to their needs.

Core5 / ICCK is proud to be a part of this special Belgium Beer Festival organized by DeepC. B-fest is a unique cultural festival spotlighting Hai Phong province’s remarkable investment opportunity, on top marks 50 years of diplomatic relationship between Vietnam and Belgium. Deep C largest Belgian investor in Vietnam, is more than a partner for Core5 our shared vision and complementary relationship building on the superior standard of Deep C accomplishments over the past 26 years.  

Core5 Factory Village- a like-minded manufacturing community that combines the best of the project locations’ strengths, a characteristic, holistic green project design following LEED, and a full-service operator you’d expect from a developer with hospitality at its core. Combined, the village will deliver three main benefits for our occupiers: incubating faster/ accelerating growth, saving operational costs, and aiding ESG requirements commanded throughout the supply chain.

Despite the economic headwinds, the momentum for investors to opt for leasing remains strong in the coming years, amplified by regional and global megatrends, and the still soaring demand means we need to grasp this opportunity landing long term value added occupiers, the right way. Vietnam has a healthy supply of millions of sqm of ready-built / turn-key factories with international standard, in addition healthy infrastructure development, high quality affordable workforce, a day-by-day growing presence of Queen Bees and suitable compelling incentives and business support.

Underpinned by the strong fundamentals of Vietnam and the growth potential of the industrial real estate (RE) market, has led to the launch of Core5 one year ago, a new Vietnamese industrial for lease platform originally from US. The Core5 current portfolio covers 80ha of land, including seven projects in North Vietnam and one in South Vietnam offering approximately 700,000m2 leasable area. Our first three projects in Vietnam are located along this unique economic corridor and will offer nearly 228,000m2 of net leasable area for factories to the market between now and May 2024. The premier project, Core5 Hai Phong, offering more than 87,000m2 world class factory for lease in Hai Phong, opening 45,000m2 and 42,000m2 more in May of 2024. Two more projects are under construction include Core5 Quang Ninh and Core5 Hung Yen. These projects are scheduled to supply nearly 141,000m2 of factories for lease throughout by early 2024.

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