Groundbreaking ceremony of the Premium Industrial Centre YP2C in the Yen Phong 2C Industrial Park in Bac Ninh province

The event marks an important milestone since the signing of a partnership agreement between GELEX Group and Frasers Property Vietnam earlier in March.

Industrial Center YP2C is located in Bac Ninh province – the strategic manufacturing hub in the Northern Key Economic Zone, featuring 34,500 sqm of high-quality industrial and logistics space designed in accordance with Premium Estates concept.

In particular, the 3-in-1 multi-functional industrial space will seamlessly integrate showroom, office and production area with 7,000 sqm dedicated for relaxation and green recreation park.

Panoramic perspective of the Industrial Center YP2C invested by GELEX and Frasers Property Vietnam.

The project will be designed to meet LEED certification standards with strong sustainability and technology features aimed to support workplace productivity as well as the health and well-being of occupiers. These include the use of construction materials in the project which priorities natural light, promoting energy efficiency and the enhancement of building life-cycle impact reduction.

Groundbreaking ceremony of Industrial Centre YP2C in Bac Ninh province.

According to Mr. Nguyen Trong Hien, Chairman of GELEX Group, Industrial Centre YP2C, combines Frasers Property’s international management experience in real estate with Gelex Group’s leading industrial production and infrastructure experience and understanding of the Vietnam market.

Mr. Hien emphasized: “We are confident that Industrial Center YP2C will exceed the expectations of our customers, serving as the cornerstone of Vietnam’s premier green and sustainable industrial park”.

Industrial Centre YP2C is designed to meet LEED certification standards

Being scheduled to be completed in the second quarter of 2024, Industrial Centre YP2C will provide premium ready-built-factory and ready-built hybrid spaces, which are versatile and well-positioned to cater to the unique requirements of customers. Expressing the great pleasure when cooperating with GELEX Group on this project, Mr. Lim Hua Tiong – CEO of Frasers Property Vietnam believes: “The project will support the country’s industrial transformation and Bac Ninh province’s FDI capital attractiveness as a key investment destination”.

Previously, GELEX Group and Frasers Property Vietnam signed a strategic cooperation agreement to deploy industrial parks following a premium concept and meeting international standards in the North, with a total investment in this first phase expected about 6,000 billion VND, equivalent to 250 million USD.

“The groundbreaking ceremony signifies a significant milestone in the execution of our strategy to establish a partner ecosystem with globally recognized companies, thereby expanding the market and value chain for GELEX Group’s core business segments”, Mr. Nguyen Trong Hien, Chairman of GELEX Group stated.