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Temasek's unit to build business park in Vietnam


October 15, 2008

Temasek's unit to build business park in Vietnam
Mapletree, the real estate arm of Singapore sovereign wealth fund Temasek Holdings it has signed an agreement to develop a $400 million business park in Vietnam, Reuters reported.

The 75-hectare business park, in Vietnam's Binh Duong province, will be built in phases starting from 2009, Mapletree said in a statement.

The deal brings its total investments in the Southeast Asian country to $700 million, it added.

Mapletree said a 68-hectare logistics park it is also building in Binh Duong, near Ho Chi Minh City, has already signed up six customers ahead of its completion in November 2008.

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