On 7 February 2026, GELEX Infrastructure JSC (ticker: GEL) announced a strategic investment partnership with Frasers Property to expand investment activities in real estate, particularly in the residential segment and other potential sectors.

This is considered a strategic step in the long-term cooperation roadmap between GELEX Group and Frasers Property, aimed at enhancing project development capabilities and creating sustainable value for the future.

Representatives of GELEX Group, GELEX Infrastructure, and Frasers Property signed the cooperation agreement in Thailand.

Under the agreement, Frasers Property and GELEX Infrastructure will hold equity stakes of 51% and 49% respectively. The partnership seeks to expand market presence in the residential segment and other key areas, responding to the strongly growing demand for real estate. The cooperation represents a synergy of values between GELEX Infrastructure’s solid local foundation and Frasers Property’s extensive international experience, to capture rising demand in strategic segments, with a focus on residential development.

The first milestone is the ANmaison residential project in Hai Phong. Developed to rigorous international standards, ANmaison aims to create a high-quality living environment that integrates smart design and sustainable elements, contributing to enhancing the urban landscape of the port city. Building on this momentum, the two parties are planning to develop a large-scale integrated township in Dong Nai with an area of 113 hectares. This is a strategic move to capture the wave of demand for premium living and commercial spaces in the southern market.

ANmaison, a premium residential development in Hai Phong, continues the strategic partnership between GELEX Infrastructure and Frasers Property.

Mr. Luong Thanh Tung, General Director of GELEX Infrastructure JSC, said: “For us, this is not a single transaction, but a strategic companionship in which both sides share vision, resources, and experience to create sustainable value in the long term.”
According to the General Director of GELEX Infrastructure, the two parties have jointly developed five industrial and logistics projects in Vietnam, covering approximately 100 hectares in major industrial hubs such as Bac Ninh, Quang Ninh, and Hung Yen. With a strong focus on sustainability, these projects have attracted significant market interest and set new benchmarks for Vietnam’s industrial sector under Frasers Property’s “Premium Estates” model. The fact that the entire portfolio has achieved LEED Gold certification not only affirms international standards but also fully meets the strict requirements for green and future-ready assets of multinational corporations.

Mr. Edwin Tan, Deputy CEO of Frasers Property Vietnam and Managing Director, Industrial & Logistics (Southeast Asia), shared: “Our partnership with GELEX Infrastructure has been built on tangible successes from multiple industrial projects in Vietnam. This cooperation marks the next phase in our strategic journey, expanding into key projects aligned with our long-term development objectives. Staying committed to our strategy in dynamic markets, we pledge to deliver well-planned developments of outstanding quality, creating momentum for sustainable transformation of urban infrastructure and the economy in Vietnam and across the region.”
Following the achievements in industrial real estate, the strengthened cooperation reflects a partnership philosophy grounded in consistent execution capability and shared strategic vision. The convergence of international development expertise and deep local understanding is not only a competitive advantage but also a commitment to creating landmark projects that deliver sustainable value and prosperity for communities and cities across Vietnam.
As Vietnam continues to accelerate urbanization and attract long-term investment flows, this partnership once again affirms the role of responsible developers in promoting sustainable and liveable urban growth. GELEX Infrastructure and Frasers Property are committed to accompanying Vietnam’s economic development and contributing positively to the continuous growth of the national real estate market.

PR DEPARTMENT