The race for mergers and acquisitions (M&As) in the real estate industry has continuously increased, with foreign investors sealing many deals in recent months. Vietnam boasting buoyant real estate M&A activities CapitaLand Development revealed on July 14 that it was acquiring a prime mixed-use site in Thu Duc district of Ho Chi Minh City, with an estimated gross development value of $720 million. This 8-hectare project will provide 1,100 apartments and will go into operation in 2027. A couple of weeks previously, Thai retail giant Central Retail also announced that it would invest an additional $869 million in the Vietnamese market, including developing complex projects and commercial centres over the next five years. The group also said that in the coming time, it will maintain the M&A target to accelerate its expansion in the retail real estate sector. Olivier Langlet, general director of Central Retail Vietnam, said, “We see Vietnam as one of the key … [Read more...] about Vietnam boasting buoyant real estate M&A activities
