Idec Group Asia Vietnam breaks ground on industrial and logistics park in Bac Ninh

Developed on a 12-hectare site, Horizon Park will provide 70,000 square metres of ready-for-business industrial buildings, for sale or for rent. 26 storage units of about 2,500 sq.m each will benefit from European equivalent category A logistics standards, with a floor load of 5 tonnes per sq.m, free heights of nearly 11 metres, and all the required equipment, including levellers, sectional doors, fire detection systems, and more.

Patrice Lafargue, president and founder of Groupe Idec explained, “This turnkey offer, inspired by the support that Idec gives to its customers in France, is quite disruptive in Vietnam. We have already had several very advanced discussions with future tenants looking for one or more storage units. This illustrates the quality of the product we are developing here in Bac Ninh.”

From the outset, Horizon Park has been developed to meet the strictest requirements and aims to achieve LEED Gold certification through the use of a photovoltaic installation that will cover the various warehouses. The energy produced will be directly re-injected back into the park and its buildings.

Horizon Park stands out as Idec Group Asia Vietnam’s latest flagship project. This Vietnam-based subsidiary was born from the association between Groupe Idec, a major real estate player founded in France more than 20 years ago that operates both locally and internationally, and Archetype Group, a real estate and engineering specialist that has a strong presence throughout Asia.

“The company has a unique approach and the ability to intervene all along the real estate value chain. In keeping with Groupe Idec's core strengths in France, Idec Group Asia Vietnam is involved in the investment, design, development, and construction phases, and is focussed on zero-carbon solutions,” said Lafargue.

Bac Ninh, situated 35km from Hanoi, possesses key benefits for industrial and logistics businesses looking for the perfect site with excellent access.

Francois Magnier, CEO of Idec Group Asia Vietnam stated, “Over the last 20 years, Bac Ninh has gone from a farming province to one of the largest industrial centres in Vietnam. This area boasts one of the highest economic growth rates in the country and is positioning itself as one of the nation’s new industrial and logistics hubs.”

Noi Bai international airport, the major port in Haiphong, and connections to the main highways offer Horizon Park major advantages, allowing it to meet the storage and transit challenges of large-scale industrial sites.

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