MOL (Asia Oceania) Pte. Ltd, a subsidiary of Mitsui O.S.K. Lines, announced on September 18 that it has joined CapitaLand Investment Limited, a core company of Asia's leading integrated real estate developer, in a multi-unit rental factory development project in Quang Ninh province, northern Vietnam.
<Artist's Impression>
<Scenes from the groundbreaking ceremony>
The development is located within the Amata Song Khoai (Amata City Ha Long) Industrial Park, offering excellent access to Hai Phong Port and the surrounding city center. The site area is 64,000 m2, and the total floor area is 41,000 m2. Completion is scheduled for early 2026 to January 2027.
On September 16th, a groundbreaking ceremony was held on-site, with representatives from partner companies and local government officials in attendance.
In its management plan "BLUE ACTION 2035," the Mitsui O.S.K. Lines Group is promoting a transformation of its business portfolio to further enhance stable revenue-generating businesses and ensure profitability even during shipping recessions. This particular business is positioned as one of the initiatives to expand its logistics business, which is centered on the growth of its "Logistics Infrastructure" business.
■Property overview
Location: Amata Song Khoai Industrial Park, Quang Ninh Province, Northern Vietnam (Amata City Ha Long)
(Street No. 6, Song Khoai Industrial Park, Hiep Hoa Ward, Quang Ninh, Vietnam)
Structure: Rental factory, 3 blocks, total of 8 plots
Size: Site area: Approximately 6.4 m2 / Leased floor area: Approximately 4.1 m2
Total development cost: Approximately 31.2 million Singapore dollars (approximately 36 billion yen)
Completion date: Phase 1 (Block 3): Early 2026
Phase 2 (Blocks 1 & 2): January 2027
