ESR and BW form joint venture for My Phuoc 4 IP in Vietnam 07:32 | 10/05/2021
ESR Cayman Limited (ESR), the largest Asia-Pacific-focused logistics real estate platform, and BW Industrial Development JSC (BW), the leading logistics and industrial real estate developer and operator in Vietnam, have entered into a development joint venture to develop and own My Phuoc 4 Industrial Park near Ho Chi Minh City.
My Phuoc 4 IP will have approximately 240,000sq.m of logistics and light industrial facilities
The partnership marks ESRâs entry into Vietnam, expanding the groupâs Asia-Pacific footprint in the high-growth Southeast Asia region.
My Phuoc 4 Industrial Park (the Park ), which will have a total of approximately 240,000 square metres of logistics and light industrial facilities upon completion, is located north of Ho Chi Minh City in the strategic Binh Duong market, a leading hub of industrial development in Southern Vietnam.
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