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Indochina Land eyes US$1b for 2 new Vietnam funds

(LONDON) The property arm of Vietnamese financial services firm Indochina Capital said yesterday that it wanted to raise a minimum of US$1 billion for two new investment funds.

In a statement, Indochina Land said it planned to soon launch its third real estate fund, Indochina Land Holdings 3, as well as Indochina Infrastructure Holdings, which would invest in infrastructure projects such as rail transport and renewable power and in companies which promoted sustainable development.

Indochina Land – which manages London-listed Indochina Capital Vietnam Holdings Ltd – said it currently managed funds and development projects with a total value of US$1.8 billion in Hanoi, Ho Chi Minh City, and Vietnam’s central coast.

 

Source: Reuters (Business Times 13 Dec 07)

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