Actis sells An Phat 1 industrial park stake

Actis, a major international investor in sustainable infrastructure, has completed its exit from An Phat 1 industrial park, a 180-hectare sustainable business park in Hai Duong province.

Actis sold its 49 per cent stake in the industrial park to its operating partner, An Phat Holdings (APH).

An Phat 1 industrial park is located in Vietnam’s key northern economic zone and is a best-in-class industrial park with sustainability at its core.

It is also Actis’ first investment in Vietnam and has become one of the most attractive destinations for companies looking to diversify their supply chain and meet demand for manufacturing facilities outside of China.

APH and Actis selected Hai Duong as the location for the park owing to its excellent regional connectivity and abundant supply of skilled workforce.

In addition, Hai Duong has recorded impressive economic growth over the last five years, given its ability to attract significant overseas investment.

Brian Chinappi, partner and head of Real Estate at Actis, said, “This is a milestone for Actis as it is our first exit from the real estate sector in Vietnam, which is a strategic market for us as it offers great opportunities for cost-effective manufacturing and supply chain diversification. Our investment in An Phat 1 has been consistent with our strategy to invest in new-economy real estate.”

“The partnership with Actis has resulted in greater success than we anticipated for the An Phat 1 project, and has helped to enhance the reputation of APH in the industrial real-estate industry. We are actively seeking opportunities to collaborate with Actis and other foreign partners to undertake larger projects in the near future,” said Chairman of APH Duong Pham.

The development of international standard and sustainable industrial parks, such as An Phat 1, will significantly enhance the competitiveness of Vietnam as an attractive destination for multinational corporations wishing to locate their manufacturing facilities, while generating significant tax revenue for the country.

An Phat 1 has already attracted two of Apple’s global suppliers, which are expected to bring around 25,000 jobs to the local community.

VIR