(Dan Tri) - The total value of 5 outstanding real estate M&A (mergers and acquisitions) deals in 2024 reached more than 1.8 billion USD.
In 2024, the Vietnamese real estate M&A market recorded strong growth with total transaction value reaching a record level.
The continuous announcement of large deals shows the increasing interest of domestic and foreign investors. Part of the reason for the boom in M&A deals comes from the determination of the Government and ministries to remove difficulties and obstacles.
Statistics from the Vietnam Association of Realtors (VARS) show that the total value of 13 outstanding real estate M&A deals in 2024 reached more than 1.8 billion USD, including major deals from Vingroup, Novaland...
Vingroup divests capital at Vincom Retail
On April 5, Vingroup Corporation (stock code: VIC) announced that it had completed the transfer of 55% of the charter capital of SDI Investment and Trade Development Company. This company owns 99% of the charter capital of Sado Trading Company. Sado is a major shareholder holding 41.5% of the capital of Vincom Retail Joint Stock Company (stock code: VRE).
Through the capital transfer transaction at SDI, Vingroup indirectly divested capital from Sado and Vincom Retail, only directly owning 18.4% of capital at Vincom Retail.
The buyers are 4 enterprises, including Thien Phuc Investment and Development Company (owning 16% of SDI capital), Falcon Investment and Development Company (12.5%), Emerald Investment and Development Company (10.5%) and NP Investment and Development Joint Stock Company (16%).
The deal is expected to bring Vingroup a profit of about VND21,520 billion (USD982 million).
Becamex IDC transfers project to Capital Land
In early December, the Industrial Development and Investment Corporation (Becamex IDC - stock code: BCM) was permitted by the People's Committee of Binh Duong province to transfer the 18.9-hectare Binh Duong Industrial Service - Urban Complex project to a partner.
The transferee of the entire project is Sycamore Company Limited, a member of Capital Land. The scale of the transferred project includes 462 low-rise villas and about 3,300 apartments. The total construction area is about 592,876m2.
The value of this M&A deal is estimated at more than 14,000 billion VND (equivalent to 553 million USD).
Becamex IDC Industrial Park (Photo: IT).
Novaland transfers capital of NovaHills Mui Ne
On April 1, No Va Real Estate Investment Group Joint Stock Company (Novaland - stock code: NVL) completed the transfer of all capital contributions at Huynh Gia Huy Joint Stock Company with a total transfer value of nearly VND 1.9 billion, excluding the value of assets, utilities and outstanding debt obligations.
Huynh Gia Huy Joint Stock Company is the investor of NovaHills Mui Ne project. In this transaction, Novaland recorded a loss of more than 797 billion VND in financial expenses, which is the difference between the total transfer value and the book value.
The transferee of Huynh Gia Huy's equity capital is EverLand. This enterprise is the investor of many large resort projects such as Crystal Holidays Harbor Van Don, Crystal Holidays Heritage Ly Son, Crystal Holidays Marina Phu Yen, Xuan Dai Bay Commercial, Service and Resort Complex, Everland Park.
Novahills Mui Ne project (Photo: Novaland).
Mapletree Logistics Trust acquires 2 Grade A warehouses
In March, The Business Times reported that Mapletree Logistics Trust (MLT) acquired three Grade A warehouses, including one in Malaysia and two in Vietnam, for SGD 157.9 million and SGD 68.4 million (about VND 1,285 billion), respectively. The two warehouses in Vietnam acquired by the fund are located in Binh Duong and Hung Yen.
Mapletree Logistics Trust is one of Asia's most active industrial real estate trusts (REITs), headquartered in Singapore.
Information from the seller is not disclosed.
Nam Long transfers 25% capital of Paragon Dai Phuoc project
In June, Nam Long Investment Corporation (stock code: NLG) announced the completion of the transfer of 25% of capital in the Nam Long Dai Phuoc project (Paragon Dai Phuoc, scale of 45 hectares) to Japanese strategic partner Nishi Nippon Railroad.
Nam Long Dai Phuoc urban area is located on Dai Phuoc island, adjacent to District 2 and District 9, Ho Chi Minh City. The transfer deal is worth 662 billion VND. Thanks to this deal, Nam Long earned a profit of about 200 billion VND.
Source: https://dantri.com.vn/bat-dong-san/5-thuong-vu-ma-bat-dong-san-noi-bat-nhat-nam-2024-20241230205036921.htm
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