The complex project Nha Trang Center in Khanh Hoa Province’s Nha Trang City is being offered for sale.
David Lyons, managing director of Jones Lang LaSalle Vietnam, said that the complex located on Tran Phu Street was awaiting investors who would buy some parts or the whole project.
Invested by Hoan Cau Khanh Hoa Co., Nha Trang Center has two towers of 14-20 floors each and consists of 140 apartments and 266 four-star hotel rooms. The ask price of the project is not announced.
There have been 55 among 140 apartments sold to customers at an average price of around VND42 million, or US$2,000, per square meter. The retail section of the project has been put into service.
Previously, Jones Lang LaSalle has been picked by VinaCapital as broker to sell the 50% stake of VinaCapital in five-star hotel Metropole Hanoi in Hanoi’s Hoan Kiem District.
A dozen of merger and acquisition transactions have been recorded in the past year, and this tendency is forecast to rise this year.
According to Lyons, there will be more transactions in the coming time as investors sell their projects to have financial resources to complete other projects. Besides, many foreign investors are seeking opportunities in the Vietnamese market. - Source: The Saigon Times Daily
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