VinaLiving launches Norman Estates at Danang Beach Resort

17 March 2010
For immediate release

VinaLiving and Greg Norman’s Southern Cross Developments present
‘Norman Estates at Danang Beach Resort’

DANANG – VinaLiving, Vietnam’s first tailored living and lifestyle brand, is pleased to announce an exclusive branding and marketing agreement with Greg Norman’s Southern Cross Developments to bring the world-renowned Norman Estates to Vietnam.

Norman Estates at Danang Beach Resort is the latest addition to an exclusive collection of high-end residential communities located on select Greg Norman-designed golf courses around the world. Golf legend Greg Norman is an owner of Southern Cross Developments, and his company is the founder and developer of the award-winning Norman Estates brand.

“The Norman Estates at Danang Beach Resort – only the second Norman-branded residential enclave in Southeast Asia – continues our relationship with Greg Norman that started with The Dunes Golf Course at Danang Beach Resort. VinaLiving will offer Vietnamese consumers the highest standard of tailored living environments, and the Norman Estates agreement is a fantastic boost to the VinaLiving initiative,” says David Henry, Managing Director of VinaCapital Real Estate Ltd.

The Danang Beach Resort, a 260 hectare resort development, features the Greg Norman-designed, 18-hole The Dunes Golf Course, to open in April 2010. The Danang Beach Resort also boasts two other VinaLiving offerings – The Ocean Villas and Cham Condominiums. The entire 260 hectare development is owned by VinaCapital’s AIM-traded investment funds VNL and VOF.

The Danang Beach Resort and The Dunes golf course will reinforce Danang’s emergence as the top golfing destination in Vietnam and an emerging landmark on the Asian golf circuit. A new international airport terminal will support the course opening.

Greg Norman, commenting at today’s signing ceremony, said: “I am delighted with the outcome of The Dunes course. It will be a true test of golf in the spirit of the game’s classical sand-based layouts. The course will offer a very special golfing experience that will allow the Vietnamese golf industry to showcase an international standard facility.”

VinaCapital’s David Henry said of Greg Norman’s visit: “Greg’s golf course designs always incorporate the existing natural terrain, and The Dunes is a perfect example of this philosophy. Winding its way through coastal dunes, the course will truly display Danang’s unique natural heritage to the world.”

“Given this, it was appropriate that we continue to work with Greg’s team to plan and develop the boutique enclave Norman Estates, which will adjoin the 15th hole of The Dunes course,” David said.

Norman Estates at Danang Beach Resort will feature two phases of approximately 20 villas each, designed by a leading Asian architectural firm. The villas will incorporate local and international design features as part of the lifestyle-focused approach that Greg Norman has adopted at his other estates, including an emphasis on indoor/outdoor living that is suited for coastal Vietnam. All the villas will have access to the beach, to walking trails within the resort, and to the Dunes Clubhouse and course membership privileges.

VinaLiving will launch sales of the first phase in Q4 2010, including a display villa. The Norman Estates enclave is part of the USD500 million, 260-hectare Danang Beach Resort, which has already seen the highly successful launch of The Ocean Villas and Cham Condominiums, with the first villas ready to welcome residents by July 2010.

“The continued investment into the Danang Beach Resort is a further sign of the strength of Danang’s investment opportunities and the demand for international standard lifestyle products for Vietnamese consumers,” David said.

Media enquiries:
Nguyen Duc Huong
PR and Marketing Manager
VinaCapital Group
tel: 84-8-821-9930
huong.nguyen@vinacapital.com

Sales enquiries:
Nguyen Ngoc Thuyen
Project Manager Danang
Savills Vietnam Ltd
Tel: (+84) 903-652-378

Matthew Koziora
Director of Sales and Marketing
VinaCapital Real Estate Ltd
Tel: (+84) 933-887-796

More information:

Southern Cross Developments and Norman Estates:
Southern Cross Developments International is a branded real estate development and investment company that specializes in the use of branding, product design and differentiation and capital structuring to enhance residential real estate. The company was founded by Greg Norman, Jeremy Seabridge and Brett Walsh and is the developer and licensor of the award winning “Norman Estates” and “by Greg Norman” residential brands. Southern Cross’ projects are located in highly desirable lifestyle environments such as golf course communities, marinas, ski destinations, seaside resorts and environmental / ecotourism developments as well as high-end urban locales.

Southern Cross is based out of the Florida headquarters of Great White Shark Enterprises, and undertakes projects in established and emerging markets around the world. More information is available at www.southerncrossdevelopments.com.

VinaCapital Group:
VinaCapital Group is a leading asset management, investment banking and real estate consulting firm with unrivalled experience in the Vietnamese market. VinaCapital Group was founded in 2003 and has grown from a single USD10 million fund to a diversified investment firm with over USD1.7 billion in assets under management as of December 2009. VinaCapital Investment Management Ltd manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These are: Vietnam Opportunity Fund (VOF); VinaLand Limited (VNL); and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the USD32 million DFJ VinaCapital technology venture capital fund with Draper Fisher Jurvetson, and owns a dominant stake in VinaSecurities JSC, a brokerage. More information is available at www.vinacapital.com.