Japan's Hulic to invest in industrial projects across Vietnam

Hulic is actively investing in and develops properties located close to stations in central Tokyo, including offices, commercial buildings, hotels, senior living facilities.

This joint venture is tapping into Vietnam’s potential as a gateway for growth as, for the second consecutive year, Vietnam ranks second in the 2025 Asia Manufacturing Index compiled by Dezan Shira & Associates.

Recognising the needs of manufacturers for optimisation of time and cost to start or expand operations, Indochina Kajima has been rolling out ready-built factories and warehouses for lease since 2022 under its industrial brand Core5 Vietnam, providing world-class, LEED certified, strategically located space for lease in manufacturing and logistic hubs across northern Vietnam, including Quang Ninh, Hung Yen, Haiphong and Vinh Phuc.

Core5 Quang Ninh, currently fully leased, is located within Bac Tien Phong Industrial Zone, 14km from Lach Huyen Port and 20km from Cat Bi International Airport, delivers over 69,000 square metres of floor area for lease, with single-storey, single-storey with mezzanine, and 2-storey blocks.

Core5 Quang Ninh, with curving curtain walls encompassing offices, for efficient passive cooling and strong visual appeal. Photo: ICK

Core5 Hung Yen, located in Minh Duc Industrial Park, 40km from Hanoi and 55km from Noi Bai International Airport, offers over 63,000sq.m of world-class ready-built industrial space for lease.

After nine months of operations, Core5 Hung Yen’s occupancy is close to reaching the nationwide average occupancy rate of 77 per cent, with a strong tenant prospects pipeline.

All projects are LEED-certified and all feature Core5 signature curved curtain walls offices, international standard utilities and firefighting protection systems, dry loading bays, and a parking area with 24/7 security. Core5 assets focus on the wellbeing of tenants and workers, with heat reducing landscaping and health and wellness common areas.

Core5 Vietnam offers a one-stop solution, supporting tenants in supply chain study, pre-and-post licensing services, customisation of the leased area, and in accounting and business development to ensure seamless operations and accelerated growth for tenants and partners.

With the joint-venture, Hulic and Indochina Kajima will collaborate to further capture opportunities for Core5 Quang Ninh and Core5 Hung Yen in the global supply chain.