Foreign investment funds bring Vietnamese real estate to the world ESG race
The last remaining golden land fund in the center of Da Lat city, next to Xuan Huong lake, is attracting the attention of domestic and international investors and media when foreign funds and investors invest to become the first ESG real estate in Vietnam, bringing Da Lat to the world ESG real estate race.
Who are BTS Bernina and Terne Holdings?
Information in the domestic and international press last week about the Bernina BTS Fund and Terne Holdings Singapore investor investing in a Vietnamese enterprise has received the attention of the public and investors. According to the AP news agency, this fund and investor will invest and hold up to 30% of shares in a Vietnamese company, which is The One Destination - the investor of the Haus Da Lat project.
BTS Bernina and Terne Holdings Singapore are two of the world’s leading prestigious investors with total assets under management of up to billions of USD. Their investment appetite is businesses with “unique stories” in Asia and with fast growth rates, leading new trends in industries.
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| Haus Da Lat is invested by BTS Bernina Fund and investor Terne Holdings Singapore. |
BTS Bernina is an open-end investment fund established on December 11, 2009, owned and managed by the world's leading financial experts. BTS Bernina allocates 60% of the fund's size to invest in Asia. Over the past three years, the fund's performance has reached 71.9%. This is a rare return that large investment funds can achieve. This shows that BTS Bernina's investment perspective and viewpoint are in the right direction and bring good results.
BTS Bernina’s Board of Directors comprises a team of experienced professionals in international finance and investment management. The Fund has extensive expertise in navigating global markets, overseeing investment strategies, ensuring global regulatory compliance and driving success. Collective experience, particularly in real estate and emerging markets, enables BTS Bernina to capture growth opportunities and effectively manage complex global private equity investments.
BTS Bernina Fund said that the investment in Haus Da Lat project affirms BTS Bernina's commitment to high-quality, diversified assets in fast-growing markets, bringing value to the project and to investors through a combination of capital growth and cash flow growth.
Terne Holdings is a multi-industry investment company from Singapore. Terne's core areas include: real estate investment consulting and commercial cooperation, brand consulting, design, etc. The head of Terne is Caroline with more than 20 years of experience in the field of financial investment, is the CEO, senior leader at large investment funds in Singapore and global financial institutions such as: HSBC, Citibank, BNP Paribas, Naga Capital. Caroline has experience managing up to 10 billion USD. In addition, Caroline is also an authorized representative of the Monetary Authority of Singapore (MAS) to carry out activities regulated under the Securities and Futures Act (SFA).
Terne Holdings' strength comes from its world-class human resources and its humane business philosophy. Inspired by the vitality of the tern, Terne Holdings is committed to sustainable development, focusing on health and creating a living environment in harmony with nature. Terne Holdings is a pioneer in innovation, creating ecological communities and developing health-oriented projects. Terne Holdings does not simply build, the company also fulfills its commitments. A promise to create living spaces where people and nature coexist, bringing quality, sustainability and long-term value to each project. What Terne Holdings builds today will leave a positive, lasting legacy.
The attraction of Haus Da Lat makes two investment funds "choose the right place to put their trust"
The One Destination is a pioneer in developing the ESG real estate model in Vietnam. ESG is a set of standards that measure factors related to sustainable development and the impact of businesses on the community, abbreviated by Environmental, Social and Governance. The One Destination has a series of projects being implemented across Vietnam, with a land fund of up to tens of thousands of hectares.
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| Actual image at the project location, Haus Dalat is being fenced off. |
The One Destination owns the last remaining golden land of Haus Da Lat in the center of Da Lat city. Haus Da Lat has an area of 5 hectares, located next to the poetic Xuan Huong Lake - a famous symbol of Da Lat people. Experts highly appreciate the prime location of this land like a diamond.
Da Lat city has an area of 391 km2, with a long history of 130 years, so most of the prime land in the center is almost gone. Therefore, Haus Da Lat has a prime location right in the busiest central core of Da Lat, convenient transportation and natural scenery that is still intact, which is considered the most valuable point of the project.
From Haus Dalat, you can easily move to Cu Golf Hill (50 m), Da Lat Market (1 km), Photo Park (500 m), Lam Vien Square (1.4 km), Da Lat Flower Garden (1.8 km)...
Haus Dalat is also highly appreciated by BTS Bernina fund and investor Terne when it "tailored" ESG standards from design, material selection, construction process, operation to human factors, completely consistent with the fund's Environmental, Social and Governance goals, contributing to creating long-term value for future generations.
Haus Da Lat is also expected to benefit from the strong development of Lam Dong's infrastructure. Accordingly, from June 20, 2024, the Ministry of Transport issued Decision No. 758/QD-BGTVT to upgrade Lien Khuong airport to an international airport, creating momentum for economic and tourism development for Da Lat and Lam Dong province. According to the plan by 2030, Lien Khuong airport will expand to 487 hectares, with a capacity of 5 million passengers/year with many international routes around the world.
In the first 9 months of 2024, Lam Dong welcomed 7.4 million visitors for sightseeing and relaxation, an increase of 13.7% over the same period in 2023. By the end of 2024, Lam Dong is expected to welcome 10 million visitors, including 550,000 international visitors. The above infrastructure and tourism factors promise to bring Haus Da Lat in particular and Da Lat's economy in general to a strong transformation.
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