Foreign investment funds are bringing Vietnamese real estate onto the global ESG race.
The last remaining prime land in the heart of Da Lat City, next to Xuan Huong Lake, is attracting attention from domestic and international investors and media as foreign funds and investors pour capital into it to become the first ESG real estate project in Vietnam, putting Da Lat on the global ESG real estate race.
Who are BTS Bernina and Terne Holdings?
News reports in both domestic and international media last week regarding the investment by BTS Bernina Fund and Singaporean investor Terne Holdings in a Vietnamese company have garnered significant public and investor attention. According to the Associated Press, the fund and investor will invest and acquire up to 30% of the shares in The One Destination – the developer of the Haus Da Lat project.
BTS Bernina and Terne Holdings Singapore are two of the world's leading and most reputable investors, with billions of dollars in assets under management. Their investment preferences favor businesses with unique stories in Asia, exhibiting rapid growth and leading the way in emerging industries.
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| Haus Da Lat received investment from BTS Bernina Fund and investor Terne Holdings Singapore. |
BTS Bernina is an open-ended investment fund established on December 11, 2009, owned and managed by leading global financial experts. BTS Bernina allocates 60% of its fund to investments in Asia. Over the past three years, the fund's performance has reached 71.9%. This is a rare return achieved by large investment funds, demonstrating that BTS Bernina's investment perspective and approach are sound and yielding positive results.
The BTS Bernina Board of Directors comprises a team of experienced professionals in international finance and investment management. The fund possesses extensive expertise in navigating global markets, overseeing investment strategies, ensuring global regulatory compliance, and driving success. Their collective experience, particularly in real estate and emerging markets, enables BTS Bernina to identify growth opportunities and effectively manage complex global private equity investments.
The BTS Bernina fund stated that the investment in the Haus Da Lat project reaffirms BTS Bernina's commitment to high-quality, diversified assets in fast-growing markets, delivering value to the project and investors through a combination of capital appreciation and cash flow growth.
Terne Holdings is a diversified investment firm from Singapore. Terne's core areas include real estate investment advisory and commercial partnerships, brand consulting, design, etc. Terne's leader is Caroline, with over 20 years of experience in financial investment. She has served as a CEO and senior leader at major Singaporean investment funds and global financial institutions such as HSBC, Citibank, BNP Paribas, and Naga Capital. Caroline has experience managing up to US$10 billion. Furthermore, Caroline is an authorized representative of the Monetary Authority of Singapore (MAS) to conduct activities regulated under the Securities and Futures Act (SFA).
Terne Holdings' strength stems from its world-class workforce and its humanistic business philosophy. Inspired by the vibrant spirit of the swallow, Terne Holdings is committed to sustainable development, prioritizing health and creating living environments in harmony with nature. Terne Holdings pioneers innovation, building ecological communities and developing health-oriented projects. Terne Holdings is not simply a builder; it fulfills its commitments. A promise to create living spaces where humans and nature coexist, delivering quality, sustainability, and lasting value in every project. What Terne Holdings builds today will leave a positive and lasting legacy.
The appeal of Haus Da Lat has led two investment funds to "choose it as their investment destination."
The One Destination is a pioneering enterprise in developing the ESG real estate model in Vietnam. ESG is a set of standards that measure factors related to sustainable development and the impact of a business on the community, an acronym for Environmental, Social, and Governance. The One Destination has a series of projects under development throughout Vietnam, with a land bank totaling tens of thousands of hectares.
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| The image shows the actual construction site of Haus Dalat, currently being fenced off. |
The One Destination owns the last remaining prime piece of land in the heart of Da Lat city. Spanning 5 hectares, Haus Da Lat is situated right next to the picturesque Xuan Huong Lake – a famous symbol of Da Lat. Experts highly value the diamond-like location of this land.
Da Lat city covers an area of 391 km2 and has a long history of 130 years, so most prime land plots in the city center are almost non-existent. Therefore, Haus Da Lat's prime location in the most bustling central area of Da Lat, with convenient transportation and unspoiled natural scenery, is considered the most valuable aspect of the project.
From Haus Dalat, you can easily travel to Cu Golf Hill (50 m), Dalat Market (1 km), Light Park (500 m), Lam Vien Square (1.4 km), Dalat Flower Garden (1.8 km), etc.
Haus Dalat was also highly praised by the BTS Bernina fund and investor Terne for its "tailor-made" ESG standards from design and material selection to construction, operation, and human resources, perfectly aligning with the fund's Environmental, Social, and Governance goals, contributing to long-term value for future generations.
Haus Da Lat is also expected to benefit from the rapidly developing infrastructure in Lam Dong province. Specifically, on June 20, 2024, the Ministry of Transport issued Decision No. 758/QD-BGTVT upgrading Lien Khuong Airport to an international airport, creating momentum for the economic and tourism development of Da Lat and Lam Dong province. According to the plan for 2030, Lien Khuong Airport will expand to 487 hectares, with a capacity of 5 million passengers per year and numerous international routes worldwide.
In the first nine months of 2024, Lam Dong province welcomed 7.4 million visitors, a 13.7% increase compared to the same period in 2023. By the end of 2024, Lam Dong is expected to welcome 10 million visitors, including 550,000 international tourists. The aforementioned infrastructure and tourism factors promise to bring about a strong transformation for Haus Da Lat in particular, and the economy of Da Lat in general.
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