5 Aug 2008 15:34
5 August 2008
VinaLand Limited
David Henry joins VinaLand as Managing Director
VinaLand Limited (the "Company" or "VNL"), the AIM-quoted investment vehicle established to target key growth segments within Vietnam's emerging real estate market, including residential, office, retail, industrial, and leisure projects, is pleased to announce the appointment of David Henry as Managing Director of Real Estate for the Company's investment advisor, VinaCapital Real Estate Ltd.
David brings a wealth of experience to VinaLand having led the development of numerous office, commercial and residential developments, including the 2,860 hectare Greater Springfield urban township project in southeastern Queensland, Australia.
For the past ten years, David was the Director of CBD development for Springfield Land Corporation Pty Ltd. While at Springfield, David initiated the award-winning Brookwater Golf Project, including negotiations to bring AUD1.8 billion in road and passenger rail infrastructure into the project.
David has been with Springfield, a member of the MUR Group, since 1987, and has been an Executive Board member of the Group for the past 16 years.
His professional experience also includes ten years with Australia's Lend Lease Group, working on projects in Sydney, Brisbane and the Gold Coast. He is a 15-year member of the Washington DC-based Urban Land Institute.
As the managing director of VNL, David will oversee development of numerous projects that include site acquisitions at early stages of development.
Commenting on the appointment, VinaLand director Don Lam said: "David's work in urban development in Australia has given him considerable experience across a wide range of real estate development areas. There are a large number of parallels with the property developments we are managing in Vietnam."
"We welcome David to the VinaLand team and look forward to seeing him lift our real estate projects to an even higher level of efficiency and performance," Don said.
More about VinaCapital Group:
VinaCapital is the leading asset management and financial services group in Vietnam. The Group combines its deep market experience and networks to generate strategic investment and financing products, alongside merger and acquisition activities. VinaCapital manages total assets valued at almost USD1.9 billion under its four funds (NAV figures as at 30 June 2008):
Vietnam Opportunity Fund (VOF) is a USD662 million diversified investment fund that has consistently been among the top performing Vietnam funds.
VinaLand Limited (VNL) is a USD790 million real estate fund established in March 2006.
Vietnam Infrastructure Limited (VNI) is a USD338 million fund established in July 2007 as the first fund to invest solely in Vietnam's infrastructure sector.
DFJ VinaCapital L.P., a USD35 million technology venture capital fund.
VinaCapital also has a dominant stake in VinaSecurities JSC, a brokerage firm. VinaCapital currently employs over 180 investment personnel in its offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang and Hong Kong. More information on the Group can be found at www.vinacapital.com.
Details on VinaLand are available directly at www.vinaland-fund.com.
For more information please contact:
| Ms Chi Nguyen VinaCapital Investment Management Limited Investor Relations | +84 8 821 9930 chi.nguyen@vinacapital.com |
| Philip Secrett Grant Thornton UK LLP Nominated Adviser | +44 20 7383 5100 philip.j.secrett@gtuk.com |
| Hiroshi Funaki LCF Edmond de Rothschild Securities | +44 20 7845 5960 funds@lcfr.co.uk |
| David Cranmer Financial Dynamics | +44 20 7831 3113 david.cranmer@fd.com |