The joint venture GP Invest – Nam Son has just been approved as an investor in Green Garden Urban Area in Lang Son. Preliminary total project implementation costs are nearly 1,127 billion, compensation, support and resettlement costs are more than 113 billion.
The People’s Committee of Lang Son province has just decided to approve the joint venture of Global Real Estate Investment Joint Stock Company – Nam Son Consulting and Investment Joint Stock Company as the investor implementing Green Garden Urban Area in Mai Pha commune, Lang Son city and commune. Yen Trach, Cao Loc district.
Project has a population of more than 5,300 people. The East borders inter-village roads and streams, the West borders Highway 1A, the North and South border hilly land planted with perennial trees. The operating term is 50 years from the date the investor is allocated or leased land.
The land area to be implemented is nearly 38 hectares. The project will build townhouses (including 157 plots of land with a total area of 20,627 m2), villas (including 274 plots of land with a total area of 62,727 m2), garden houses (including 194 plots of land with a total area of 62,727 m2). 24,539 m2), resettlement housing (including 23 plots of land with a total area of 2,085 m2), social housing (total area of 28,556 m2).
There are also many other items such as a golf practice field with a total area of 27,872 m2, a 3-storey school, a general shopping center,…
Previously, the project was approved by the local investment policy in August 2023 and issued a notice to find an owner in September 2023. Implementation progress is divided into 2 phases.
In phase 1, invest in building synchronous technical infrastructure and social infrastructure within an area of about 23 hectares (excluding current residential land), associated with commercial and service land areas, resettlement, public land, land for preschools, inter-schools, residential land and other projects. Implementation time must not exceed 15 months from the date of land allocation or land lease.
In phase 2, invest in building synchronous technical infrastructure and social infrastructure within the remaining area of about 14 hectares, associated with park lands, sports (golf practice fields), and parks. social housing, townhouses, villas and other projects. Implementation time must not exceed 18 months from the date of land allocation or land lease.
Preliminary total cost of implementing the urban area is nearly 1,127 billion VND, in addition to compensation, support and resettlement costs of more than 113 billion VND. Investor’s contributed capital is 189 billion, while mobilized capital is about 1,051 billion.
A corner of Lang Son city. (Image: Electronic information portal of Lang Son City People’s Committee).
On the part of the investor consortium, Global Real Estate Investment Joint Stock Company (GP Invest) was established in April 2005, headquarter address is at 5th floor, Truong Thinh – Trang An Complex building, No. 01 Phung Chi Kien street, Nghia Do ward, Cau Giay district, Hanoi city. As of December 31, 2019, the enterprise’s charter capital is 400 billion. Chairman of the Board of Directors of GP Invest is Mr. Nguyen Quoc Hiep.
In the real estate market, GP Invest is known for a series of projects in Hanoi such as The Nine Pham Van Dong, Trang An Complex No. 1 Phung Chi Kien, Minori Village 67 Truong Dinh, 249 Thuy Khue, project 170 De La Thanh and Nam Do Complex 609 Truong Dinh… There is also the new urban area southwest of Viet Tri City (Palm Manor Viet Tri) in Phu Tho, Van Giang Urban Area in Hung Yen. With Green Garden Urban Area in Lang Son, the expected capital contribution ratio of this enterprise is 80%, or 151.2 billion.
The remaining unit in the joint venture is Nam Son Consulting and Investment Joint Stock Company, established in July 2018 and headquartered on Phan Trong Tue Street, Van Dien Town, Thanh Tri District, Hanoi City.
Tags: Invest joint venture won trilliondollar project Lang Son
-
