Maple­tree re­names Kumho Asiana Plaza to mPlaza Saigon

Oi Vietnam - - The Bulletin -

Maple­tree In­vest­ments Pte Ltd (“Maple­tree” or “the Group”), a lead­ing real es­tate de­vel­op­ment, in­vest­ment and cap­i­tal man­age­ment com­pany, has re­branded Kumho Asiana Plaza to mPlaza Saigon. The change of name is part of the Group’s plan to re­ju­ve­nate the prop­erty which was ac­quired in June 2016. mPlaza Saigon is a prime mixed-use de­vel­op­ment com­pris­ing a Grade A of­fice build­ing, a ser­viced apart­ment tower, a ho­tel and a re­tail podium in District 1. Maple­tree has com­menced as­set en­hance­ment ini­tia­tives (AEI) at the prop­erty, which will be car­ried out in phases, start­ing with the re­tail podium. The of­fice, ho­tel and ser­viced apart­ment tower will sub­se­quently un­dergo AEI over the next few years. Wendy Koh, Maple­tree’s Re­gional Chief Ex­ec­u­tive Of­fi­cer of South East Asia, said: “Tap­ping on our rich ex­pe­ri­ences in de­vel­op­ing mixed-use prop­er­ties like Saigon South Place, a 4.4-hectare precinct in the af­flu­ent District 7 of HCMC, we aim to re­fresh mPlaza Saigon to give it a new lease of life, and be the place to work, live and play in the heart of HCMC’s central busi­ness district.”

Af­ter com­plet­ing the first phase of the AEI, the re­tail podium will be trans­formed to a mod­ern space with carved out open con­cept re­tail area. The podium will also bring a bet­ter ten­ant mix which in­cludes a cin­ema, Asian and in­ter­na­tional din­ing op­tions, as well as trendy cafes and juice bars to ben­e­fit mPlaza Saigon’s res­i­dents, ho­tel guests and of­fice ten­ants, and its cus­tomers.

mPlaza Saigon measures close to 146,000 square me­tres in gross floor area. Oc­cu­pancy rates across the 21-storey Grade A of­fice tower, the 260-unit award­win­ning ser­viced apart­ment, and the four-storey re­tail podium are con­sid­ered some of the strong­est in the mar­ket. The ser­viced apart­ment and the 305-room ho­tel are man­aged by In­ter­Con­ti­nen­tal Ho­tels Group. mPlaza Saigon is cen­trally lo­cated along Le Duan Boule­vard and Hai Ba Trung Street in the cen­ter of HCMC. It is also close to the city’s ma­jor land­marks and tourist at­trac­tions such as the Notre-Dame Cathe­dral Basil­ica of Saigon, and is ac­ces­si­ble to all the dis­tricts in HCMC. Maple­tree be­gan in­vest­ing in Viet­nam in 2005, and to­day owns and man­ages a port­fo­lio com­pris­ing of­fice, re­tail, res­i­den­tial, in­dus­trial, lo­gis­tics, and ser­viced apart­ment as­sets. In­clud­ing mPlaza Saigon, the Group now has over S$1.2 bil­lion in as­sets un­der man­age­ment in the coun­try. For more info, visit www.maple­tree.com.sg

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