Indochina Kajima launches Core5 Vietnam, a best-in-class industrial brand from the US

The new platform will focus on the nationwide roll out of world class factory and warehouse properties for lease throughout Vietnam’s key manufacturing and logistics markets, according to a statement from Indochina Kajima.

Owned by Kajima Corporation, Core5 Industrial Partners is a US-based industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States.

Core5 Vietnam offers its valued partners a range of solutions including ready-built factory for lease, ready-built warehouse for lease and build-to-suit industrial properties. It offers one-stop service aiming to ensure soft landing for new market entry into Vietnam for our valued tenants.

Key services include development and construction consultation from project managers, facility management advice from operation professionals, and licensing support to ensure timely business setup so manufacturing activities or logistics companies can launch their businesses quickly.  

The new platform will roll out factories and warehouses for lease in current and up-and-coming manufacturing and logistics hubs throughout Vietnam. The firm’s current portfolio covers 90ha of land including 7 projects in North Vietnam and 1 project in the South Vietnam.

At construction completion, these assets will comprise a total net leasable area of approximately 700,000m2 and will amount total investment cost of nearly $450 million. Core5 Vietnam’s first project in Vietnam, located in a prime location within Deep C Hai Phong 2, will offer nearly 96,000m2 of net leasable area to the market. Construction of this project will commence in July 2022 and handover of the first factories will be in Q1 2023.

Headquartered in Atlanta, Georgia, Core5 has development activities in the United States core markets and has expansion plans to additional key logistic hubs throughout the country. Amazon, Walmart, Home Depot, Duracell, UPS, DSV, American Standard and Toshiba are some tenants of Core5 Industrial Partners, to name but a few.

Following the success of Core5 Industrial Partners in the United States, Core5 brand is expanding into Vietnam, one of Asia’s fastest growing manufacturing and logistics hub.

“From a global perspective, Vietnam is one of the world’s fastest growing economies and is underpinned by strong fundamentals, namely a large, young, and growing population. A key to the country’s economic rise within the region is the manufacturing sector which accounts for over one third of Vietnam’s overall GDP and the outlook is attractive given the supply chain shift from China which has led to several prominent manufacturers relocating to Vietnam”, said Keisuke Koshijima, Representative Director and Executive Vice President of Kajima Corporation.

“Indochina Capital has been operating in Vietnam for over two decades, and has developed iconic and pioneering projects across Vietnam, such as Four Seasons Nam Hai, Six Senses Con Dao, Hyatt Regency Danang, Indochina Plaza Hanoi, and the Wink Hotels brand. With the same commitment to innovation, sustainability, and value creation we have applied to our past projects, Core5 Vietnam plans to roll out a collection of exceptional industrial assets across Vietnam’s key manufacturing markets. Our belief in the market opportunity presented by the industrial sector in underpinned by our long-term vision to invest $1 billion into this sector over the next 5-7 years,” said Peter Ryder, Indochina Capital’s CEO.

Indochina Capital is celebrating over 20 years of reshaping landscapes, redefining luxury, and bringing immersive destinations to Vietnam.

Kajima Corporation, founded in 1840, is one of the big five Japanese contractors and one of the largest Japanese overseas real estate developers. Kajima’s global footprint operates through subsidiaries in north America, Europe, Asia and Australia.

Some of the company’s most impressive real estate projects include the Four Seasons Resort Hualalai in Hawaii, one of the world’s most renown resorts, and Senayan Square in Jakarta, Indonesia, one of Asia’s largest multi-purpose developments. It is the owner and founder of Core5 Industrial Partners based in the United States and plans to expand this platform globally. Kajima’s total market capitalization is reaching $7.5 billion.