Boustead Projects to sublease land in Vietnam for development of industrial properties

SINGAPORE (Dec 22): Boustead Projects Land (Vietnam) Co. (BPLV), a wholly-owned subsidiary of real-estate solutions specialist Boustead Projects, has entered into an agreement to sublease land for the development of industrial leasehold properties in Vietnam.

Under the contract, BPLV will sublease land from Thao Dien Real Estate Corporation at Nhon Trach 2 – Nhon Phu Industrial Park, just South-east of Ho Chi Minh City.

The land will be taken over in two phases, comprising 60,000 sqm in the first phase and 126,903 sqm in the second phase, for about 40 years up until February 2057.  BPLV is entitled to further sublet the land, or parts of it.

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