Lease inked in stone
MBS will relocate from its current premises in District 3 and take occupation of the whole building which is approximately 3,236 square metres and the total leased value is up to $3.5 million.
Matthew Duckworth, commercial manager of Knight Frank, said that the Vietnamese government was encouraging education firms into decentralised areas such as Phu Nhuan District as it is to combat some of the congestion issues in District 1.
Paul Sorensen, principal of MBS, said that MBS had grown from strength to strength in a thriving market for education.
“Over the last three years, MBS has doubled its required space, and we are looking forward to this site being our main campus to provide our students with a spacious learning environment with state-of-the-art technology and learning resources,” Sorensen said.
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