Indochina, Kajima launch $1b joint real estate ventureIndochina Capital and Kajima Corporation officially debuted the Indochina Kajima Development (ICC-Kajima) yesterday, a joint effort to invest $1 billion in the Vietnamese real estate market in the next 10 years. Indochina Capital and Kajima Corporation officially debuted the Indochina Kajima Development (ICC-Kajima) yesterday, a joint effort to invest $1 billion in the Vietnamese real estate market in the next 10 years.–The joint venture, with a capital contribution ratio of 50:50, will develop high-profile projects around Việt Nam. According to Keisuke Koshijima, senior managing executive officer and general manager of the overseas division of Japanese construction giant Kajima Corporation, Viet Nam's real estate market is regarded as a potential growth market for the region. Kajima previously participated in developing several projects in Viet Nam, including Tan Son Nhat International Airport, the newspaper reported. Indochina Capital has established itself as one of Viet Nam's leading real estate developers, and has also made a name for its advisory and finance services.

Source: VietNamNet News September 17, 2016 02:15 UTC