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The transaction was finalized this month.
The developer of the property, Zen Plaza Co Ltd, was founded in 1995 as a joint venture between local company Saigon Co.op and Japanese company Hasegawa Corporation. In 2003, Zen Plaza was acquired by Yazuya, a Japanese company operating in the functional food manufacturing and real estate sectors.
This is the second commercial real estate badet that Nomura acquired in Ho Chi Minh City, the group said in an announcement.
Last year, it purchased a 24% stake in Sun Wah Tower, also located in the CBD neighborhood, as the first office project in the Asia-Pacific region. In early 2015, Nomura joined other Japanese investors in a condominium sales project in Phu My Hung, Vietnam's most prosperous residential area.
Last month, the Japanese firm created Nomura Real Estate Vietnam, which will invest more in the Vietnamese real estate market. The Vietnamese subsidiary is Nomura's fifth local office in an Asian country.
"The Nomura Real Estate Group has positioned its overseas operations as a growth area in its new medium and long-term business plan (effective until March 2028) and plans to invest around 300 billion yen in its activities. abroad by the year. March 2028, "said Nomura. (300 billion yen is about $ 2.76 billion).
The company also expects foreign operations to contribute 15 to 20% of the total profit for the fiscal year ending March 2028. activities in Asian countries, including Thailand, Vietnam, the Philippines and China, will be strengthened.
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