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Property

Cooperative agreement signed over D'.Capitale project

Released at: 13:26, 27/09/2016

Cooperative agreement signed over D'.Capitale project

Tan Hoang Minh

Tan Hoang Minh puts pen to paper with Vingroup and Techcombank to ensure Hanoi project is completed on schedule.

by Huyen Thanh

The Tan Hoang Minh Group, Vingroup, and Techcombank have signed a cooperation agreement on implementing the D’.Capitale apartment, office and trade complex project in Tran Duy Hung Street in Hanoi’s Cau Giay district.

Invested by the Tan Hoang Minh Group, properties in the D’.Capitale project will be distributed and operated by Vingroup’s Vinhomes while Techcombank will lend to buyers at preferential interest rates.

The project is nestled between Tran Duy Hung, Khuat Duy Tien and Hoang Minh Giam Streets, adjoining Nhan Chinh Park and opposite the National Convention Center.

Its total area is 50,300 sq m, including six 30 to 40-storey buildings.

The project is expected to be operational by the first quarter of 2019. Coteccons Construction JSC is the contractor.

“Tan Hoang Minh is Vingroup’s strategic partner so Vinhomes will manage and operate the urban areas as required,” said Mr. Nguyen Viet Quang, Deputy Chairman of Vingroup. “We will support it distributing the project’s products.”

Mr. Do Tuan Anh, Deputy Chairman of Techcombank, said it commits to sponsoring capital for the project and in managing total capital to ensure the progress of the project’s implementation.

The project is within Tan Hoang Minh’s investment strategy in the low-price segment.  

The Tan Hoang Minh Group already has high-end property projects in superb location in Hanoi, including D’Le Roi Soleil - Quang An, D’Le Pont D’ Or - Hoang Cau, D’ Palais De Louis - Nguyen Van Huyen, and D’ Sans Raffles - Hang Bai.

With construction beginning in July 2015, D’ Le Roi Soleil - Quang An, located near West Lake, will include two 25-storey apartment towers and one eight-storey service tower and is estimated to be completed by 2018.

Located nearby Hoang Cau Lake, D’Le Pont D’ Or - Hoang Cau includes a 23-storey high-end apartment block and was completed in the second quarter of this year.

D’ Palais De Louis - Nguyen Van Huyen includes a 27-storey premium apartment project and is estimated to be completed by 2018.

D’Sans Raffles - Hang Bai features a trade centre, high-end office space and premium apartments and is located near Hanoi’s city center. The group is in the process of completing legal procedures to begin construction shortly.

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