Singaporean property developer CapitaLand has further expanded its foothold in Vietnam, its third largest market in Southeast Asia, with the establishment of a second commercial fund and the acquisition of a prime site in Hanoi.
In a statement, CapitaLand said it successfully set up CapitaLand Vietnam Commercial Value-Added Fund (CVCVF), its second commercial fund in the country, which was closed at $130 million. The first commercial fund, CapitaLand Vietnam Commercial Fund, was closed at $300 million last year.
