SLP holds the groundbreaking ceremony of a grade A warehouse project with total leasable area of about 84,000 sqm in Long An Province, Vietnam
Ho Chi Minh City, February 24, 2022 – SLP has officially commenced construction of SLP Park Xuyen A (Phase 1) in My Hanh Bac commune, Duc Hoa District, Long An Province.
This is SLP’s second project in Long An province and its third project in Vietnam. SLP Park Xuyen A will feature a mixture of grade A double-storey and single-storey warehouse facilities upon completion. The project’s first phase is expected to be completed by Q1 2023, with a total leasable area of about 84,000 sqm.
SLP Park Xuyen A is located in Duc Hoa District, one of the three districts of Long An Province that borders Ho Chi Minh City (HCMC). The strategic location of the facility, positioned at the entrance of West HCMC, will facilitate customers to get access to Long An Province, Mekong Delta Region and HCMC. SLP Park Xuyen A is 30km from the center of HCMC and 25km from Tan Son Nhat International Airport.
Mr. Jenkin Chiang – CEO and Founding Partner of SLP shared, “The ongoing Covid pandemic has altered the market, driving the acceleration of e-commerce and strengthening both short-term and long-term demand for industrial real estate. In recent years, the demand for ready-built warehouses has also increased. With our projects, including SLP Park Xuyen A, we intend to meet customers’ increasingly diverse warehouse demands in a timely manner and capitalize on the early growth stages of Vietnam’s rapidly modernizing logistics landscape.”
Together with its strategic partner GLP, SLP recently launched GLP Vietnam Development Partners I (“GLP VDP I”) with an investment capacity of $1.1 billion, which is set to be one of SEA’s largest logistics development funds. So far, SLP has acquired six development sites with a total land area of approximately 860,000 sqm, focusing on Vietnam’s two largest markets, Greater Hanoi and Greater Ho Chi Minh City.
SLP is committed to a broad range of ESG (Environmental, Social and Governance) commitments and is focused on making sustainability a core component of its business by practicing responsible investing and development and promoting greater well-being in Vietnam.
SLP has appointed Ricons as the general contractor for SLP Park Xuyen A (Phase 1) project.
SLP (SEA Logistic Partners) is an industrial and logistic facility development and operation platform backed by GLP, the leading global provider of modern logistics facilities and technology-led solutions. We will create world-class industrial & logistics infrastructure in Southeast Asia to support the growth of our customers and the region’s economic development. Learn more at slpprop.com.
GLP is a leading global investment manager and business builder in logistics, data infrastructure, renewable energy and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than $120 billion in assets under management in real estate and private equity.
We are committed to a broad range of ESG commitments that elevate our business, protect the interest of our shareholders and investors, support our employees and customers and enhance our local communities. Learn more at glp.com/global
For further information, please contact:
|Tien Pham (Jennifer)
Corporate Communication +849 0900 3220
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