VinaCapital wins Bloomberg AP property awards

28 April 2011

VinaCapital’s Ocean Villas development wins in two categories at the 2011 Asia Pacific Property Awards
HO CHI MINH CITY – VinaCapital, the leading asset management and real estate development group focused on Vietnam, today announces that its Ocean Villas luxury residential villas project won in two categories – ‘Best Golf Development’ and ‘Best Project Marketing’ – at the 2011 Asia Pacific Property Awards. The Bloomberg-sponsored awards are among the world’s most prestigious real estate industry accolades.

The Ocean Villas is an enclave of 115 free-standing homes on a 21-hectare parcel of beachfront land near Danang, Vietnam. The homes are on lots that average 700 square metres, each with a small private swimming pool. The Ocean Villas are part of the 260-hectare Danang Beach Resort, which features the 18-hole Dunes Golf Course, designed by golf legend Greg Norman.

The ‘Best Golf Development’ award recognised the Ocean Villas unique aspects as an integrated beachfront/golf course development. All the Ocean Villas homes have ocean and/or golf course views, and are connected by waterways that wind through the community and the fairways of the golf course. The built environment follows the form and context of the natural surroundings, and there is easy access by foot or vehicle to the other components of the Danang Beach Resort.

The ‘Best Marketing’ award was for the launch of the VinaLiving residential brand, Vietnam’s first lifestyle and tailored living brand. The Ocean Villas was the first VinaLiving project to reach the market, with very rapid acceptance and take-up from 100-percent domestic Vietnamese buyers.

A record number of 21 countries took part in the 2011 Asia Pacific Property Awards. These are part of the International Property Awards which were established 17 years ago and cover residential as well as commercial categories. The presentation of the awards will be held in Shanghai on 30-31 May 2011 at The Longemont Hotel in Shanghai. The presentation dinner is part of a two-day Property Summit event that will be attended by hundreds of leading property professionals from across the Asia-Pacific region. Later this year, top scoring winners from the Asia Pacific Property Awards will compete against other winning companies from Europe, Africa, the Americas and Arabia to find the World’s best in each category.

VinaCapital’s Managing Director of Real Estate David Henry commented: “These awards demonstrate our commitment to developing products that stand at the forefront of the property industry in Vietnam. The Ocean Villas, and the Danang Beach Resort more broadly, are landmark projects in a rapidly developing market. We believe our approach of offering Vietnamese buyers an international-standard product at a competitive price, under one master brand, will further help VinaCapital to stand out from its competitors in the coming years.”

Media enquiries:
Ms. Nguyen Duc Huong
Public Relations Director
VinaCapital Group
tel: 84-8-821-9930

Mr. Michael L. Gray
Communications Manager
VinaCapital Group
tel: 84-8-821-9930

About VinaCapital:
VinaCapital is the leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.7 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the USD32 million DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at