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Media Release

THE NASSIM APPOINTS POSCO E&C VIETNAM AS MAIN CONTRACTOR

Ho Chi Minh City, 21st January, 2016 – Hongkong Land and SonKim Land – Joint developers of The Nassim – appoint POSCO E&C Vietnam as the main contractor and Artelia as the construction management and supervision consultant for their premium residential project.

These appointments mark a key milestone in the development of The Nassim, a luxury residential project located in the heart of Thao Dien, District 2, HCMC.

Lim Kok Siang, General Director of NASSIM JV Company Limited stated: “We received bids from leading local and global contractors for the project.  After a careful tender process, we decided to award POSCO E&C Vietnam and Artelia, which are long well-known for their reputation and professional expertise not only in Vietnam but also all over the world. We are confident that the two new partners will contribute to ensure the delivery of the project on time and to the high standards of quality that we have set for the project.”

POSCO E&C VIETNAM is a subsidiary of POSCO E&C (top 5 largest construction companies in Korea) and a member of POSCO Group in South Korea (top 10 largest steel producers in the world). With a depth of construction experience gained from being the general contractor of many major projects in more than 20 countries across the globe, POSCO E&C entered the Vietnam market and established POSCO E&C Vietnam in 1995. The company pursues domestic and regional projects of plant, civil & infrastructure, architecture, and urban development. POSCO E&C was general contractor of the Diamond Plaza Complex in Ho Chi Minh City and also owns Vietnam’s largest steel structure factory in Nhon Trach, Dong Nai to supply steel products used in industrial and transportation infrastructure for both domestic and international firms, as well as major projects around the world that POSCO E&C is the main contractor. As a reputable contractor, POSCO E&C’s will ensure the construction quality of The Nassim.

Lee Sang Ki, CEO of POSCO E&C Vietnam said: “Hongkong Land and SonKim Land  are reputable investors and developers of high-end residential property projects. Sharing the same visions, they are passionate in creating exclusive and sophisticated lifestyle experience through attractive projects that intelligently make use of the living spaces and state-of- the-art facilities. This is also the vision and the passion that POSCO E&C have been demonstrating to clients around the world, especially in Korea with the construction of Song Do Smart City and An Khanh, the first self-contain City in Vietnam. With our construction technologies and project management skills earned through a history of construction projects around the world, we are the right partner to contribute to delivering The Nassim promise as the truly distinctive and exclusive place to live.”

Along with POSCO E&C Vietnam, Artelia also takes part in this project as the construction management and supervision consultant. Artelia is an independent group from France specialized in project management and engineering. Artelia is a credible partner for international and local clients around the world. Artelia has been established in Vietnam since 2006 as its first office in Southeast Asia.

The Nassim is a luxury condominium project comprising 4 towers with 238 residential units ranging from one to four bedroom units and penthouses. Located in the heart of Thao Dien in District 2 of Ho Chi Minh City, The Nassim enjoys magnificent panoramic views and the serenity of the Saigon River. The development is fringed by an exclusive enclave of low-rise private residences; and is conveniently accessible from the Ha Noi Highway. Nearby community amenities include various top international schools, shopping malls, medical care centers /clinics and some of the highest rated restaurants in HCMC.  The future Metro station (An Phu) is under construction and is within a short walking distance.

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About Hongkong Land

Hongkong Land is a listed leading property investment, management and development group.  The Group owns and manages almost 800,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong and Singapore.  Its Hong Kong Central portfolio represents some 450,000 sq. m. of prime property.  It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, and a 50% interest in a leading office complex in Central Jakarta.  The Group also has a number of residential and mixed-use projects under development in cities across Greater China and Southeast Asia, including a luxury retail centre at Wangfujing in Beijing.  In Singapore, its subsidiary, MCL Land, is a well-established residential developer. Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore.  The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited.  Hongkong Land is a member of the Jardine Matheson Group.

About SonKim Land

SonKim Land is a leading real estate investment and development company based in Ho Chi Minh City, Vietnam. SonKim Land specializes in high end real estate products in three key sectors: residential, hospitality, and offices. The company's strategy in residential developments is to focus on the luxury and high-end segments, creating a difference by building high-end lifestyle through our projects. At SonKim Land, we harness light and space to build truly transformational homes, retail environments, and office spaces.  Our previous and current projects include: Gateway Thao Dien (HCMC), The Nassim (HCMC) Indochine Park Tower (HCMC), Empress Tower (HCMC), Sentinel Place (Hanoi), Blue Ocean Resort (Phan Thiet), among others.
At the Vietnam Property Award 2015, Gateway Thao Dien won prizes in the Best Condo Development (Vietnam) and the Best Luxury Condo Development (HCMC) categories. Gateway Thao Dien was also one of six finalists at the Southeast Asia Property Award for Best Condo Development in the region and received the Highly Commended Award in Singapore in October 2015. 

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