(02-04-2008)
HCM CITY — The Refrigeration Electrical Engineering Corporation (REE), which is listed with the HCM City Stock Exchange, will put an additional two e-town projects into use later this year, according to Chairwoman Nguyen Thi Mai Thanh.
The office building E-town 3, which has a total area of more than 16,000sq.m, will receive tenants in May. E-town 4, which is almost 19,000sq.m, will offer space for a shopping mall and offices, and become operational in September. Contracts for the two locations in Tan Binh District have already been signed.
A smaller high-rise of more than 4,000sq.m in District 6 will be finished by year’s end.
Thanh expects to receive a construction license this month for another office building in District 4. This 30,000sq.m building will be completed in two years, she said.
REE and its real estate affiliate REE Land will join in the development of several other projects. They include the 500ha Nam Dinh Vu Industrial Park and a 25,000sq.m office building.
REE is implementing procedures for developing another 500ha IP project in Hai Phong.
The corporation has plans for two additional apartment-commercial-office buildings, one in District 9 and one in Binh Thanh District, said Thanh at the company’s shareholder meeting last week.
REE plans to issue 10 million new shares next year to raise money for its business development. — VNS
