D Project Tan Duc 2

Completed in September 2023, D Project Tan Duc 2 is located within the Tan Duc Industrial Park in Long An Province. It is a gateway between Ho Chi Ming City and Mekong Delta Region. This is DHLT's first foray into Vietnam.

With a total floor area of 18,564 sq m, the Property is a single storey built-to suit cold storage warehouse for storage of frozen and chilled food. The Property consist of five fully-fledged frozen warehouse (-25 degree Celsius), three cold to frozen and two chill rooms. The Property also houses an office area, machines room, guardhouse, waste storage, parking spaces and multiple loading and unloading bays.

The Property is occupied by a Japanese third-party logistics company which specializes in frozen and chilled food transportation and is a group company of a Tokyo Stock Exchange-listed entity.

Summary of Selected Information

Land Address Lot 6, Street No. 15A, Tan Duc Industrial Park, Huu Thanh Commune, Duc Hoa District, Long An Province, Vietnam
Land Tenure Leasehold expiring on 3 June 2058
Completion Date 29 September 2023
Occupancy as of 30 June 2024 (%) 100.0
Parking Bays 120
Number of Storeys 1
NLA (sq m) 18,564
Land Area (sq m) 41,318
Valuation as at 30 November 2023 VND 498 billion
Purchase Consideration VND 483 billion
WALE by GRI as at 30 June 2024 (years) 19.3