Savills directors leave to launch new residential property firm

May 31, 2011 | 16:33

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Matthew Powell, former director of the Savills Hanoi office has departed with Nguyen Dung Minh, former director of residential sales, and Duong Duc Hien, former associate director of investment, and they have joined forces with an architecture and construction partner to form Three Temples, a design-led property development, investment and branding company.

Three Temples is focusing on developing extremely well-designed and relevant residential properties in Hanoi by direct investment and by collaborating with other like-minded Vietnamese and international investors and developers.

The three have partnered with long-time collaborators and friends at France Vietnam Architecture (FVA) to form Three Temples. FVA is headed by Romain Duval and Pham Ngoc Tuan, who opened their design studio in Hanoi in 2004 after 10 years qualifying and working in France - both graduates of the prestigious Ecole Speciale D’Architecture in Paris, and were both colleagues at the well-known Anthony Bechu studio also in Paris.

Matthew Powell said, “After 6 years working in the real estate sector in Hanoi, we felt it was time for us to develop a new venture. Certainly, the real estate market in Hanoi will have some serious challenges this year but we believe a lot of these issues are related to an oversupply of poorly designed units that don’t really have the end user in mind."

"We aim to develop high-quality, not necessarily high-value, and excellently designed units that are useful and functional for our target market - not just a financial vehicle. With Three Temples we now have the architecture, design, construction, financial, branding and marketing resources to make this happen.”

By Thanh Thuy

vir.com.vn

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