Daiwa House Industry and Taisei Corporation Undertake Co-investment Project for Their First Rental Business of Serviced Apartments in Vietnam

OSAKA, Japan, June 29, 2018 /PRNewswire/ — Daiwa House Industry Co., Ltd. (http://www.daiwahouse.co.jp/English/index.html, or Daiwa) and Taisei Corporation (http://www.taisei.co.jp/english/, or Taisei), through their local joint venture called DT Development Vietnam LLC (*1), have been pursuing the Vinata Towers Project (*2) (provisional name) consisting of several multipurpose buildings in Hanoi, Vietnam, and have announced that they will commence operation of phase 1 of this project, Roygent Parks Hanoi (24-story building with a total of 256 apartment units), from June 30, 2018. Roygent Parks Hanoi is their first co-invested project in Vietnam where various types of services are provided for tenants living in the apartments as if they are enjoying the stay at hotels.

(*1) DT Development Vietnam LLC established on September 20, 2016.
(*2) The Vinata Towers Project (provisional project name) is a two-phase real estate development project in the Cau Giay District of Hanoi.

(Image: Completed Project https://kyodonewsprwire.jp/img/201806295489-O1-L578T6iM)

The apartment complex is located in the Cau Giay District, approximately 8 km to the westward from the central district of Hanoi, where foreign embassies and international schools including the Japanese school of Hanoi are located. Moreover, Japanese restaurants and retail shops within the neighborhood contribute to a convenient lifestyle for the tenants. Since Roygent Parks Hanoi is the first rental housing project in this district developed by Japanese companies from the beginning of conceptual design, followed by construction and through management, Daiwa and Taisei believe that the apartment complex will offer not only a quality living environment but also unique services to the tenants by incorporating know-how obtained through their distinctive experience in Japan.

Key points
1. Serviced apartments uniquely designed, developed, styled, constructed and managed by Japanese companies, enabling hotel-like lifestyle
2. Concierge services in Japanese and enhanced public facilities for comfortable everyday life

For details, please visit https://kyodonewsprwire.jp/attach/201806295489-O1-79YeKk98.pdf