SLP commences construction of its third project in Vietnam

February 26, 2022 | 11:21

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SLP has officially commenced construction of the first phase of the SLP Park Xuyen A in My Hanh Bac commune in Long An province's Duc Hoa district on February 24.

This is SLP's second project in Long An province and its third in Vietnam.

SLP Park Xuyen A will feature a mixture of grade A double-storey and single-storey warehouse facilities upon completion. The project's first phase is expected to be completed by Q1/2023, with a total leasable area of about 84,000sqm.

SLP commences construction of its third project in Vietnam

The project's first phase is expected to be completed by Q1/2023, with a total leasable area of about 84,000sqm

SLP Park Xuyen A's strategic location, at the western entrance of Ho Chi Minh City, will facilitate customers to get access to Long An province, the Mekong Delta region, and Ho Chi Minh City.

SLP Park Xuyen A is 30km from the centre of Ho Chi Minh City and 25km from Tan Son Nhat International Airport away.

According to Jenkin Chiang, CEO and founding partner of SLP, the ongoing pandemic has altered the market, driving the acceleration of e-commerce and strengthening both short- and long-term demand for industrial real estate.

“The demand for ready-built warehouses has also increased. With our projects, including SLP Park Xuyen A, we intend to meet customers’ increasingly diverse warehouse demands and capitalise on the early growth stages of Vietnam’s rapidly modernising logistics landscape," said Chiang.

Together with its strategic partner GLP, SLP recently launched GLP Vietnam Development Partners I, with an investment capacity of $1.1 billion, which is set to be one of Southeast Asia's largest logistics development funds.

So far, SLP has acquired six development sites with a total land area of approximately 860,000sqm, focusing on Vietnam's two largest markets, Hanoi and Ho Chi Minh City.

SLP has appointed Ricons as the general contractor for the first phase of SLP Park Xuyen A.

By Bich Ngoc

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