VNRE - South Korean retailer, Lotte Mart (a member of Lotte Group) has signed a contract with Charm Engineering (Korea) to open business center in the Di An town, Binh Duong.
Mr. Jeon Yong Ho, marketing director of Charm Engineering said, Lotte Mart will open business in Charm Plaza with 5 floors which have a total area of 12,500 square meters. Business cooperation between the two companies have 20-year period and will officially go into operation in early 2013.
This will be the third commercial center of Lotte Mart in Vietnam after the two went into operation in Ho Chi Minh City.
Charm Engineering will invest about 200 million U.S. dollars into Charm Plaza project. Build on an area of 50,000 square matters, Charm Plaza will have gross floor area of 363,000 square meters. After completion, Charm Plaza will include 2,700 apartments, commercial center and other facilities. This is also the first real estate project which Charm Engineering invests in Vietnam.
Currently, Charm Engineering is investing seven real estate projects in Vietnam with total registered capital of about 895 million U.S. dollars.