Daiwa House Industry Co., Ltd.
Groundbreaking ceremony held for the TT AVIO Project, the first condominium development project in the Socialist Republic of Vietnam (News Release)
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Cosmos Initia Co., Ltd., a member of the Daiwa House Group, is developing a business in Binh Duong near Ho Chi Minh City under a strategic partnership with TT Capital Investment Joint Stock Company, a local real estate developer in Vietnam, and Koterasu Partners Pte. Ltd., a global real estate company. We are pleased to announce that the groundbreaking ceremony for TT AVIO, the first condominium development project in Di An City, Province, was held on August 1st. [Image
This project is a condominium development project with a total of 1,831 units (consisting of 2 buildings (30 floors and 37 floors each)) targeting the local middle-income group. Approximately 200 people attended the groundbreaking ceremony on August 1st, including construction contractors, sales agents, and related parties from various partnership companies, and prayed for the safety of the future construction work. Currently, underground construction is progressing smoothly.
Since our founding in 1974, our company has provided more than 100,000 housing units mainly in the Tokyo metropolitan area, based on the philosophy of “thinking about housing from the resident’s perspective and providing a higher quality living environment.” I went there. Currently, Vietnam is in the process of rapidly expanding its economy and cities, and while aiming to further expand our housing development business, we will also realize this philosophy here.
Through this strategic partnership, we will continue to aim to provide 1,000 to 2,000 high-quality housing units per year for middle-income groups in the areas surrounding Ho Chi Minh City.
■Property overview
Location: Di An City, Binh Duong Province, Socialist Republic of Vietnam Total number of units: 1,831 units (planned)
Site area: Approximately 1.6ha
Unit type (*1): 1Bed, 2Bed
Construction start (*2): 3rd quarter of 2024
Start of sales activities (*3): 3rd quarter of 2024
(*1-3) The contents planned as of August 30, 2024 are subject to change. ■ Overview of each company
| TT Capital Investment Joint Stock Company
A real estate developer established in Ho Chi Minh City, Vietnam in 2021 by Mr. Nguyen Trung Tin and Mr. Nguyen Dinh Truong, who have over 10 years of experience in the real estate and financial industry. The company aims to supply housing to more customers through the development of affordable condominiums, and aims to enrich people’s lives through the development of high-quality condominiums and excellent services. .
| Koterasu Partners Pte. Ltd.
Established in 2020 with the aim of becoming a global real estate company originating from Japan. Representative Shinichi Yamaguchi serves as the representative of the investment fund’s Vietnam office, leading investment in development projects and equity in local partners, with a total investment of approximately 1 billion USD to date. In addition, he served as a director of a local partner that made an equity investment and achieved listing on the Ho Chi Minh City Stock Exchange. Utilizing this experience and track record, the company, as a global real estate company that originated in Japan, aims to realize projects that move customers together with them and contribute to local society as a whole.
| About Cosmos Initia | (Head office: Minato-ku, Tokyo, President: Ryotaro Kochi, HP: https://www.cigr.co.jp/)
Cosmos Initia is a residential business that provides housing such as newly built condominiums, detached houses, and renovated condominiums, a solution business that develops, brokers, and manages rental properties for investment and commercial properties, and supports mid- to long-term stays for families and groups. We operate a lodging business that develops and operates apartment hotels and other facilities. As society changes and needs diversify, we expand our business areas and continue to evolve into a company that produces urban environments.
Our mission is “Next GOOD” to our customers. To society. Thinking one step ahead, creating value one step ahead. ” We will practice CSV in all management activities. We will continue to pursue value that brings peace of mind and joy that exceeds expectations, and work with our customers and society to create more “Next Goods” in order to solve social issues through the provision of products and services.
This article has been partially generated with the assistance of AI.