Core5 Factory Village in Haiphong celebrates pre-opening

The ceremony took place on October 6 in the Deep C 2 Industrial Zone in Haiphong, where Core5 Vietnam’s maiden project is strategically located with its superior infrastructure and environmentally sustainable planning.

Indochina Kajima plans to invest aggressively in Vietnam’s burgeoning industrial sector under the Core5 Vietnam brand.

Peter Ryder, Indochina Capital’s CEO said, “Core5 Vietnam will initially focus on northern Vietnam, but with the unwavering commitment to innovation, sustainability, and value creation that we have applied to our past projects, we plan to roll out a collection of exceptional industrial assets across the country.”

Core5 Vietnam’s current portfolio covers 80 hectares of land, including seven projects in northern Vietnam and one in the South that covers approximately 700,000 square metres.

The first three projects, which are located in the North, will offer nearly 228,000sq.m of world-class, LEED-certified factories for lease. In addition to Core5 Haiphong's 87,000sq.m, two more projects are under construction in Quang Ninh and Hung Yen provinces, supplying nearly 141,000sq.m of factories by early 2024.

The pre-opening ceremony marked the completion of the first two blocks of Core5 Haiphong, ahead of the handover to the first tenants in November.

True to Core5 Vietnam’s commitment to sustainability, the event featured a mini-conference focusing on net-zero and an MoU signing ceremony between Core5 and its partners that will contribute to its environmental, social, and governance (ESG) agenda and net-zero strategies.

Christopher Piro, development director of Indochina Kajima said, “With Indochina Capital and Kajima's deep roots in the hospitality sector, we aim to bring some of our flare, style, and service standards to the industrial sector. Our goal is to develop a unique design concept for Haiphong by working with an international architect from Switzerland."

"Aside from the aesthetics, another key pillar of the project is sustainability. We are proud to announce that the Core5 Factory Village is the first ready-built factory in Haiphong that adheres to LEED standards with efficient operating systems, rooftop solar panels, and health and wellness areas for tenants,” he added.

Core5 Factory Village has been conceptualised as a community for innovative, best-in-class tenants who appreciate a high-class working environment. The concept will deliver three main benefits for its occupiers, namely faster incubation and accelerated business growth, operational cost savings by reducing waste and sharing utilities, and meeting the ESG requirements of the supply chain.

Despite the economic headwinds of the last few years, there have been some green shoots of recovery of late. Foreign direct investment (FDI) in the first nine months of this year is a good example. Haiphong ranks second in Vietnam with $2.24 billion in FDI being registered in the third quarter of 2023.

Paul Tonkes, industrial deputy director of Indochina Kajima, provided some insight into Core5's outlook.

"Since we commenced leasing activities at Core5 Haiphong, we have noted significant demand from many manufacturers who prefer the quick market entry or expansion offered by the ready-built factory model. We expect demand for this product to continue growing over the long term," he said.

Core5 Vietnam also created a unique experience for its guests and tenants at a Belgian Beer Festival in the Czech Vietnam Friendship Cultural Centre from October 6 to 8. Guests celebrated and enjoyed networking while being catered for by Wink Hotel, an urban hotel chain developed by Indochina Kajima.

The sixth Wink Hotels broke ground in Haiphong Indochina Kajima Development Ltd. held a groundbreaking ceremony for the Wink Hotels Haiphong Centre at 135 Dien Bien Phu on August 18.

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Core5 to set up one-stop factory and warehouse solutions Core5 Vietnam aims to raise the bar within the country's industrial property market to welcome the new wave of foreign investment. Peter Ryder, CEO at Indochina Capital talked with VIR's Nguyen Huong about the expansion of Core5.

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