YKVN advises Trung Thuy Group Corporation in the sales of controlling stake to Japan’s Toshin Development

YKVN advises Trung Thuy Group Corporation in the sales of controlling stake to Japan’s Toshin Development.

YKVN represented Trung Thuy Group Corporation (“TTG”) in relation to the sales of its controlling stake in Tan Phu Long Joint Stock Company, the developer of a building complex of commercial apartments for sale, offices for lease and condotels, namely “Lancaster Luminaire”, located in Ha Noi, to Toshin Development, a Japanese commercial developer within the Takashimaya Group.

 

Under the joint venture accord as disclosed by Takashimaya, TTG will spearhead the 10 billion yen (US $92 million) project by developing housing and Toshin Development will follow with construction of rental offices and commercial buildings.

YKVN’s team included Vu Dzung (lead partner), Ho Anh Tuyet (senior associate), and Le Huynh Nhat Minh (associate).

TTG is one of the most reputable real estate developers in Vietnam. In addition to its high-quality projects, TTG’s portfolio and investments remain diversified in other strategic businesses such as hospitality, tourism and investment. Meanwhile, Toshin Development Co., Ltd. is a consolidated subsidiary of Takashimaya Company, Limited.

For more information about YKVN’s M&A and Real Estate practices and how we can assist, please contact:

YKVN Marketing Team
T: (+84-28) 3 822 3155
marketing@ykvn-law.com

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