Techcom Capital launches Vietnam's first real estate investment trust

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TCREIT is the first public REIT to be launched in Vietnam, with the initial charter capital of VND50 billion ($2.35 million). At least five million fund certificates at VND10,000 each will be offered.

The funds' custodian and administrator is Bank for Investment and Development of Vietnam (BIDV). Investors register to buy fund certificates with the minimum subscription of VND1 million from December 14, 2015 to March 9, 2016. Techcom Securities (TCBS) is the REIT's exclusive distributor.

TCREIT focuses primarily on cashflow-generating properties such as office buildings, retail shopping malls, hotels and resorts. TCREIT is expected to be listed on Hanoi Stock Exchange (HNX) in 2016.

TCREIT enables the securitisation of real estate projects into fund certificates that give investors partial ownership. Furthermore, as TCREIT is expected to be listed, investors can trade the fund certificates for specific liquidity needs. . TCREIT plans to use the majority of its profit received from its investments to pay out as annual dividends, which will create a stable income stream for its investors.

“Techcom Capital is always the pioneer in introducing new and unique investment products such as TCREIT to investors in Vietnam. Along with Techcom Equity Fund (TCEF) and Techcom Bond Fund (TCBF), TCREIT will be another diversified investment choice especially for individual investors in Vietnam,” Nguyen Xuan Minh, chairman of TCREIT’s Board of Representatives, said. “Individual investors in Vietnam have mainly been investing in residential projects such as apartments or land. Now, they have the chance to take part in owning office buildings, shopping malls and hotels that generate regular and stable income with high liquidity.”

Techcom Capital is a wholly owned subsidiary of Techcombank – one of the leading joint stock commercial banks in Vietnam. With its strong and professional investment team, Techcom Capital offers a diversified range of investment products and services to institutional and high net worth investors in Vietnam and abroad.