UK architects wins $1bln VTNM job

UK architects wins $1bln VTNM job

British architecture firm Aedas has won a consultancy deal for a US$1 billion project to build a commercial-residential complex near the Thu Thiem Bridge in Ho Chi Minh City´s Binh Thanh District.

It will include a 35-storey office building, a five-star hotel, hospital, a shopping mall, entertainment centre, and apartment blocks with 3,300 units, and schools on a 10-ha site.

It signed a contract on March 17 with the HCM City listed Construction Joint Stock Company No5 and real estate company SATO, which will jointly develop the project. The projects first phase will involve 3.2 ha and investment of $400 million, including design cost of around $4.5 million. It is expected to be completed in three years.

Aedas has 32 offices around the world and employs 2,100 architects and designers. It offers architectural, interior decoration, civil design, planning and supervising consultancy.

Source: http://www.property-report.com/aprarchives.php?id=1319&date=180308