Mercuria Holdings Co., Ltd. announced that its group company, Mercuria (Thailand) Co., Ltd., has signed a joint venture agreement with Toshin Development Co., Ltd. (a consolidated subsidiary of Takashimaya Co., Ltd.) and Bcons Construction Investment Joint Stock Company, a Vietnamese real estate developer. The partnership will undertake two residential development projects located in the extension area of Ho Chi Minh City's Urban Railway Line 1. Bcons, a leading local developer with a strong track record in the Ho Chi Minh metropolitan area, will lead the development. Toshin Development will contribute its expertise in commercial facility development and the Takashimaya brand's reputation. The Thai subsidiary will provide asset management services to enhance project value. With the expansion of Urban Railway Line 1, residential demand in eastern Ho Chi Minh City is expected to grow, and this project aims to supply high-quality housing to meet these needs.

FACT BOX

  • Source: PR TIMES
  • Category: press_release
  • Organizations: Mercuria (Thailand) Co., Ltd. / Bcons Construction Investment Joint Stock Company / Mercuria (Vietnam) Co., Ltd.